{"id":2120,"date":"2024-03-27T20:34:19","date_gmt":"2024-03-27T20:34:19","guid":{"rendered":"https:\/\/web.islamicgathering.com\/?p=2120"},"modified":"2024-03-27T20:34:19","modified_gmt":"2024-03-27T20:34:19","slug":"fauji-foundation-is-wealthier-than-mukesh-ambani","status":"publish","type":"post","link":"https:\/\/web.islamicgathering.com\/?p=2120","title":{"rendered":"Fauji Foundation is wealthier than Mukesh Ambani"},"content":{"rendered":"<p>As part of the process, Silkbank had been requested to allow FF to conduct due diligence of the bank. In this regard, FF intended to apply to the State Bank of Pakistan (SBP) for the requisite approval. Silkbank said that in a meeting on Jan 28, its Board \u2014 subject to the approval of SBP \u2014 had given its in-principle approval to allow FF to conduct the required due diligence and evaluate the information that would be provided by the bank.<\/p>\n<p>Panther Tyres raises Rs2.6bn<\/p>\n<p>Panther Tyres Limited raised Rs2.632 billion through a two-day book building which represented over-subscription by 4.4 times. Broad-based participation from institutional and high net worth investors was witnessed, said Arif Habib Limited, the Lead Manager &amp; Book Runner for the initial public offering (IPO).<\/p>\n<p>The strike price worked out to Rs65.80 per share, representing 40 per cent higher than the floor price of Rs47.00. The total demand received in the book building amounted to Rs8.215bn against the issue size of Rs1,880bn, showing oversubscription by Rs6.335bn. The general public would now be offered shares in an IPO on Feb 3 and 4, at the price of Rs65.80 per share.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-39950 lazyautosizes lazyloaded\" src=\"https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani.png\" alt=\"Fauji Foundation is wealthier than Mukesh Ambani\" width=\"793\" height=\"2573\" data-src=\"https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani.png\" data-srcset=\"https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani.png 793w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-92x300.png 92w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-316x1024.png 316w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-768x2492.png 768w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-473x1536.png 473w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-631x2048.png 631w, https:\/\/beautytipsinurdu.pk\/wp-content\/uploads\/2024\/03\/Fauji-Foundation-is-wealthier-than-Mukesh-Ambani-665x2158.png 665w\" data-sizes=\"auto\" data-eio-rwidth=\"793\" data-eio-rheight=\"2573\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of the process, Silkbank had been requested to allow FF to conduct due diligence of the bank. In this regard, FF intended to apply to the State Bank of Pakistan (SBP) for the requisite approval. Silkbank said that in a meeting on Jan 28, its Board \u2014 subject to the approval of SBP &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2120","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-articles"],"_links":{"self":[{"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/posts\/2120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2120"}],"version-history":[{"count":0,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/posts\/2120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=\/wp\/v2\/media\/2121"}],"wp:attachment":[{"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web.islamicgathering.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}