{"id":4515,"date":"2022-05-09T15:35:54","date_gmt":"2022-05-09T15:35:54","guid":{"rendered":"https:\/\/www.riaabarkergillette.com\/pk\/?p=4515"},"modified":"2023-07-19T08:52:14","modified_gmt":"2023-07-19T08:52:14","slug":"ant-financial-makes-further-investments-in-telenor-microfinance-bank","status":"publish","type":"post","link":"https:\/\/riaabarkergillette.com\/pk\/news-story\/ant-financial-makes-further-investments-in-telenor-microfinance-bank\/","title":{"rendered":"Ant Financial makes further investments in Telenor Microfinance Bank"},"content":{"rendered":"\n

In 2018, we acted for Ant Financial Services Group (Ant<\/a>), an affiliate of the Chinese e-commerce giant Ali Baba, in acquiring a 45% stake in Telenor Microfinance Bank (TMB) for approx. US$ 185 million.<\/p>\n\n\n\n

Ant has periodically made further investments in TMB for new ventures and projects, with an additional investment of approximately US$ 25 million in the last six months.<\/p>\n\n\n\n

We continue to advise Ant on all matters relating to their shareholding in TMB, including the Digital Banking License issued to TMB by the State Bank of Pakistan. Shafaq Rehman<\/a> (Partner \u2013 Pakistan) is their primary contact.<\/p>\n\n\n\n

For more information on Ant Financial\u2019s investment in TMB, please visit:<\/p>\n\n\n\n

https:\/\/businesschief.asia\/technology\/alibabas-ant-financial-invests-dollar185mn-into-pakistani-telco-tmb<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-4515","post","type-post","status-publish","format-standard","hentry","category-news-story"],"acf":[],"yoast_head":"\nAnt Financial further invest in Telenor Microfinance Bank - RBG<\/title>\n<meta name=\"description\" content=\"Acted for Ant Financial (affiliate of the Chinese e-commerce giant Ali Baba) for acq of 45% stake in Telenor Microfinance Bank for app.US$185m\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riaabarkergillette.com\/pk\/news-story\/ant-financial-makes-further-investments-in-telenor-microfinance-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ant Financial further invest in Telenor Microfinance Bank - 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