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HomeBusinessASKARI BANK KI SUBSIDIARY ASKARI SECURITIES KA FOUNDATION SECURITIES KE SATH MERGER

ASKARI BANK KI SUBSIDIARY ASKARI SECURITIES KA FOUNDATION SECURITIES KE SATH MERGER

KARACHI: Askari Securities Limited aur Foundation Securities Limited ke darmiyan merger operationally complete hogaya.

Askari Securities Limited ke shares cancel kar diye jayenge aur each share jo Askari Securities Limited ke pass hai, jo ke uski 100% holder hai, unke liye Foundation Securities Limited ke 27,140,000 shares Askari Securities Limited ko jari kiye jayenge, yaani har ek (1) Askari Securities Limited ke ordinary share ki price Rs. 10 ke liye, Askari Securities Limited ko Foundation Securities Limited ke har ek share ki price Rs. 10 har share ke liye allote kiya jayega. Askari Securities Limited phir without winding up ke dissolve ho jayegi.

Amalgamation effect ki wajah se, Askari Securities Limited ki complete undertaking Foundation Securities Pvt Limited ko transfer ki jayegi aur har qism ki properties, assets, liabilities aur obligations sath me Foundation Securities Pvt Limited ke under me aayengi.

Dono securities companies ka merger, merge hui company ki performance ko behtar banayega, jis se group ki associated companies aur main sponsor, Fauji Foundation Limited, ko faida hoga.

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