2024-03-31 08:48:33
The board of directors of Agrani Insurance Company Limited, listed in the insurance sector in the capital market, has decided to issue right shares. Raised paid up capital through issue of rights shares.
On Sunday (March 31), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).
Earlier this decision was taken in the board meeting of the company held on Saturday (March 30).
The company will issue 1 right share for every 5 shares in the ratio of 1:5. The price of which is fixed at 10 rupees. The company will increase the paid up capital with the money raised. At the same time, insurance development will follow the instructions of regulatory authorities.
The company will hold a special general meeting (EGM) through digital platform on April 28 at 11 am to approve the right shares. And the record date for the election of shareholders participating in the EGM has been fixed on April 24.
The company will issue the right shares after getting the consent of the shareholders at the EGM and the consent of the regulatory body Bangladesh Securities Exchange Commission (BSEC).