KARACHI: The TPL Corp Ltd (TPL), a Pakistani financial platform, and Abhi (Pvt) Ltd (Abhi) have jointly entered into a share purchase agreement (SPA) with FINCA Microfinance Coöperatief U.A to acquire FINCA Microfinance Bank Ltd.

In a stock filing on Friday, TPL Corp announced that after the approval of the board of directors, TPL and Abhi have jointly entered into a SPA along with other definitive agreements to acquire FINCA Micr­ofinance Bank Ltd jointly.

“The 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,” it added.

Published in Dawn, September 21st, 2024