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Karachi, LSE Ventures Limited has announced its request for expressions of interest from the big four auditing firms to determine the swap ratio for its merger with Digital Custodian Company Limited. According to an advertisement released by the company, the task includes a fresh evaluation of the swap ratio essential for the merger proceedings.
The expression of interest must outline the timeline and the financial terms on a lumpsum basis for completing this assignment. The report produced from this exercise must adhere to the Securities and Exchange Commission of Pakistan’s (SECP) guidelines for mergers and amalgamations.
The deadline for submitting the sealed expressions of interest is the close of business on Friday, May 24th, 2024. The company has scheduled the opening of these submissions for 05:00 p.m. at the boardroom of LSE Ventures Limited, with representatives of the bidding firms invited to attend.