TPL Corp and Abhi Agree to Jointly Acquire FINCA Microfinance Bank

The Board of Directors of TPL Corp Limited (TPL), TPL, and Abhi (Private) Limited have jointly entered into a Share Purchase Agreement along with other definitive agreements, with FINCA Microfinance Coöperatief U.A to jointly acquire FINCA Microfinance Bank Limited (Acquisition). This Acquisition sets the stage for a transformative expansion of financial services across the country and represents a significant milestone in the journey toward financial inclusion in Pakistan. TPL, with its diverse business portfolio, sees this acquisition as an opportunity to enhance its impact in the financial sector and contribute to the creation of a more inclusive financial ecosystem in Pakistan. The Acquisition shall remain subject to all regulatory approvals and requisite closing conditions. The principal activity of the Company is to make investments in groups and other companies. At the time of filing, TPL’s scrip at the bourse was Rs. 5.85, up 14.48 percent or Rs. 0.74 with over 3.28 million shares on Friday.