“We would like to inform you that Fauji Foundation will not be proceeding with the due diligence process of Silkbank Limited, in pursuance of its application in this regard,” the bank said in a statement to the bourse.
The bourse has proposed to have power under PSX Regulations whereby it could relax consequential actions of placement of a Listed Company on the Defaulters Segment and/or suspension of trading of its shares in any case of noncompliance of any provision of PSX Regulations by such listed company.
8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.