Abhi and TPL Corp Complete Purchase of FINCA Microfinance Bank

TPL Corp Limited (PSX: TPL) and Abhi Private Limited have completed the purchase of a majority stake in FINCA Microfinance Bank.

“We are pleased to announce that the acquisition of majority shareholding in FINCA Microfinance Bank Limited by TPL Corp Limited along with Abhi (Private) Limited has been successfully completed,” TPL said in a stock filing on Friday.

The Board of Directors of TPL Corp Limited (TPL), TPL, and Abhi (Private) Limited in September 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.