Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange. The Singapore company will also subscribe to any portion of NIB Bank’s 8.58 billion rupees rights offering that isn’t taken up, the Karachi-based lender said. Full story
Temasek Buys More Shares in Pakistan's NIB Bank
Bloomberg, 2 Mar 2011
Temasek Holdings Pte, the biggest shareholder of NIB Bank Ltd., bought more shares in the Pakistani lender as Singapore’s state-owned investment company increases holdings in Asia.
Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange. The Singapore company will also subscribe to any portion of NIB Bank’s 8.58 billion rupees rights offering that isn’t taken up, the Karachi-based lender said. Full story
Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange. The Singapore company will also subscribe to any portion of NIB Bank’s 8.58 billion rupees rights offering that isn’t taken up, the Karachi-based lender said. Full story
