Last checked at 23 Feb 2012 08:05
RNS Number : 9679X
MCB Bank Limited
23 February 2012
SE-100(5F)2012/06
February 23, 2012
Dear Sir(s)
BID REGARDING SALE OF SHARES OF KHUSHHALI BANK LIMITED (KBL)
We, MCB Bank Limited, would like to inform you that we have accepted United Bank Limited consortium's bid of Rs. 20.44/- (approximate) per share in relation to proposed sale of 17.6% shares owned by us in Khushhali Bank Limited (KBL). Consummation of such sale of shares of KBL is conditional upon certain regulatory consents and approvals. United Bank Limited consortium comprises of United Bank Limited; ASN-NOVIB Microkredietfonds; responsAbility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS; and ShoreCap II Limited.
This is for your information.
Yours Sincerely
Abdus S. Sami
Company Secretary
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