BSEC will look into the use of IPO funds of 9 companies

by times news cr

2024-10-01 18:44:26

Senior Correspondent || risingbd.com

Published: 18:53, 1 October 2024

The Bangladesh Securities and Exchange Commission (BSEC) will investigate where and how the money collected through initial public offer (IPO) or re-initial public offer (RPO) of 9 companies listed in the capital market has been invested.

BSEC will look into the use of IPO funds of 9 companies

This decision was taken at the 924th emergency commission meeting held on Tuesday (October 1) under the chairmanship of BSEC Chairman Khandkar Rashed Maqsood. This information was informed in a press release signed by BSEC Director and Spokesperson Farhana Farooqui.

The 9 companies to be visited are Bangladesh Shipping Corporation Limited (BSC), Best Holdings Limited, Index Agro Industries Limited, JMI Hospital Requisite Manufacturing Limited, Lube-Ref (Bangladesh) Limited, Navana Pharmaceuticals Limited, Ring Sign Textile Limited, Sikdar Insurance Company Limited and Silva Pharmaceuticals Limited.

According to the press release, the BSEC will look into where and how the money collected through IPO or RPO of 9 companies listed in the capital market has been invested.

NT/Bakul

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