Govt to off-load 5pc more NBP shares

Published September 24, 2002

ISLAMABAD, Sept 23: The government is offering through Privatization Commission its 5 per cent more shares in National Bank of Pakistan for the sale with a green shoe option of another 5 per cent in case of over subscription.

According to PC, a road show for the purpose has been scheduled in the Auditorium of Karachi Stock Exchange on Tuesday September 24, 2002 at 3.30 pm.

A presentation will be made to the members of the Karachi Stock Exchange explaining the salient features of the forthcoming offer for sale for 5 per cent shares in NBP to the general public.

Ahmad Waqar, secretary, Privatization Commission, Ali Reza, president NBP, Farhan Malik, transaction manager and the representatives of Elixir Securities and THK (Taseer Hadi Khalid KPMG) the Lead Manager for this transaction will make the presentation. The initial Public Offering undertaken by Privatisation Commission in November 2001 of 5-10 per cent shares of NBP was six times oversubscribed.

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