Karachi: Mobilink Microfinance Bank Limited has announced an extension for its public offer to acquire shares and control of Apna Microfinance Bank Limited. The initial deadline for the Public Announcement of Offer (PAO) was set to expire on September 8, 2026, but has now been extended by ninety days, according to a report filed on September 7, 2026.

The acquisition process, which began with a Public Announcement of Intention (PAI) on March 12, 2026, is still under negotiation. Mobilink Microfinance Bank, the acquirer, and Apna Microfinance Bank, the target company, continue discussions to finalize the transaction. The extension is in accordance with Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, which allows for such a timeline adjustment.

According to information available from the Pakistan Stock Exchange (PSX), the Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange Limited have been duly informed of this extension, which now sets the PAO deadline to December 7, 2026.

The market category designated for this transaction is Microfinance Banks, and stakeholders have been assured of ongoing communication and support throughout the acquisition process. The parties involved remain committed to concluding the transaction within the newly established timeframe.