2024-09-19 20:29:26
Published: 16:35, 18 September 2024
The board of directors of Bangladesh Submarine Cables PLC, a company listed in the telecommunication sector in the capital market, has approved the decision to issue 2 crore 21 lakh 33 thousand 333 shares against the share money deposit.
On Wednesday (September 18), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.
Earlier, on Tuesday (September 17), BSEC’s decision was approved by the company’s board of directors.
According to the information, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) approved the issue of shares to increase the paid up capital of the company on September 10. That is, the company will not get money from the issue of these shares.
It is mentioned in the notification that the company will issue 2 crore 21 lakh 33 thousand 333 shares in the stock market. For this reason, the price of each share has been fixed at 75 rupees. A premium of Rs 65 will be charged with a face value of Rs 10. In this case, a total of 166 crore shares will be issued.
The notification also mentions that the entire shares issued against the deposit of share money given by the government will be issued in favor of the Secretary of the Department of Posts and Telecommunications of the Ministry of Posts, Telecommunications and Information Technology of the Government of Bangladesh. The paid up capital of the company from the share issue of Tk 166 crore will increase from Tk 164 crore 91 lakh to Tk 22 crore 13 lakh to Tk 187 crore 4 lakh. The remaining 143 crore 87 lakh taka will be added to the premium.
Dhaka/NT/NH