TPL Corp Limited (KASE:TPL) and ABHI (PRIVATE) LIMITED entered into a non-binding letter of intent to acquire majority stake in FINCA Microfinance Bank Limited on November 14, 2023. The transaction is subject to the approval of the State Bank of Pakistan, outcome of the due diligence process, obtaining requisite internal and regulatory approvals, and entering into definitive documentation. The transaction has been approved by the Board of Directors of TPL Corp Limited.