2024-02-15 21:10:15
Bangladesh Securities and Exchange Commission (BSEC) has approved the proposal to issue right shares of ‘Amra Network’ Limited, a company listed in the information technology sector in the capital market.
This approval was given in the 900th meeting of BSEC on Wednesday (February 14). This information was disclosed in a press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim.
It is mentioned in the notification that the company will raise Tk 92 crore 97 lakh 99 thousand 120 through the issue of 3 crore 99 lakh 3 thousand 304 ordinary shares in the ratio of 1:2. The company has set the price of each share at Tk 30 with a premium of Tk 20.
The company will use the money raised through the rights share issue for debt repayment, network system upgradation, expansion of network coverage and expenses related to the rights issue.
According to the rights share document, the net asset value per share of the company for the financial year ending on June 30, 2023 was 38 11 paise and the income per share was 3 64 paise.
UCB Investments Limited is handling the issue management of the company.