Says Board of Directors decided on 31 Dec. in CSE disclosure Local and foreign investors encouraged to apply Applications close in two weeks
25 billion with applications accepted over the next fortnight.TFC, in a stock market filing, said that the Board of Directors had resolved on 31 December to call for a fresh round of EOIs from prospective strategic investors for an equity investment in TFC.
Both local and foreign investors have been encouraged to apply.Prospective investors are expected to commit a minimum equity investment of Rs.
25 billion (or equivalent in foreign currency), either individually or jointly." were among the details requested for in the CSE disclosure.
Documents for the proof of funds for the investment, expectations of the investors, and proof of funds was also included in the list.
In October, the
1 billion, up from a
As at end-June, it had an accumulated loss of
Total liabilities amounted to
27.6 billion. Assets were Rs.
10.8 billion, down from
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