SECP approves BOP’s Rs20bn share issue to Punjab govt
The Securities & Exchange Commission of Pakistan (SECP) has allowed The Bank of Punjab (PSX: BOP) to issue up to 523,560,209 ordinary shares worth up to Rs20bn, in the first tranche, to the Government of Punjab by way of other than right offer.
October 29, 2026 (MLN): The Securities & Exchange Commission of Pakistan (SECP) has allowed The Bank of Punjab (PSX: BOP) to issue up to 523,560,209 ordinary shares worth up to Rs20bn, in the first tranche, to the Government of Punjab by way of other than right offer. The issue price will be the higher of Rs38.20 or the prevailing market price increased by a 5% premium. The approval rests on the special resoluti...