Sindh Bank approves swap ratio

KARACHI: Shareholders of Sindh Bank, in an extraordinary general meeting held on Friday, approved the scheme of amalgamation and a swap ratio of 1:8.37 , which means one share of Sindh Bank equals 8.37 shares of Summit Bank. The ratio will now be presented to the Sindh cabinet for approval, after which it will be submitted to the Supreme Court of Pakistan for clearance and finally to the State Bank of Pakistan for review and sanction.

Published in The Express Tribune, September 1^st, 2018.

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