BML drops DM Holdings deal, eyes Rs10bn sponsor injection

Mettis Link News reported that Bank Makramah Limited (BML) will no longer pursue an equity investment proposal put forward by a consortium led by DM Holdings Limited. The proposal had been under review since June 11, 2026, when the bank's board, at its 158th meeting, agreed in principle to continue talks on the consortium's letter of interest for a significant stake.

The consortium had envisaged a capital injection of up to Rs26bn, with any transaction dependent on due diligence, a negotiated agreement and approvals from corporate and regulatory authorities. BML has now made a disclosure stating that the plan is no longer being taken forward.

Separately, BML had already disclosed on the PSX on August 18, 2026 that its board approved a further Rs10bn injection proposed by its sponsor, Nasser Abdullah Hussain Lootah. That sponsor-backed plan is also contingent on corporate and regulatory approvals.