TPL Corp and Abhi Announce Joint Acquisition of FINCA Microfinance Bank

Islamabad, Sep 20: The Board of Directors of TPL Corp Limited (TPL) and Abhi (Private) Limited have entered into a Share Purchase Agreement with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. This acquisition marks a significant milestone in enhancing financial services and promoting financial inclusion in Pakistan.

TPL views this move as an opportunity to expand its impact in the financial sector and contribute to a more inclusive financial ecosystem. The acquisition is subject to regulatory approvals and closing conditions.

At the time of filing, TPL’s stock was trading at Rs. 5.85, reflecting a 14.48% increase with over 3.28 million shares exchanged on Friday.