2024-05-03 13:33:18
The Board of Directors of Rupali Bank Plc, a listed company in the banking sector of the capital market, has decided to increase its authorized capital. At the same time, the bank has decided to issue common shares of Tk 679 crore 99 lakhs. In the 9th special general meeting of the bank, it was decided to increase the capital and issue ordinary shares subject to the approval of shareholders and regulatory bodies.
On Thursday (May 2), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).
The authorized capital of the bank will be increased from 700 crores to 2500 crores. That is, the paid up capital of the bank will increase almost 3 and a half times. In this, the total number of shares of the bank will be 250 crores with a face value of 10 taka per share. State-owned A Bank will increase the authorized capital after receiving the No Objection Letter (NOC) from Bangladesh Bank.
Meanwhile, Rupali Bank has decided to issue 45 crore 33 lakh 30 thousand 253 common shares against government equity. Where the price of each share will be 15 taka with 5 taka premium. As a result, Rupali Bank will withdraw Tk 679 crore 99 lakh 53 thousand 800 from the capital market through the share issue. The said shares will be issued in favor of the Finance Department of the Government of Bangladesh subject to the approval of the Bangladesh Securities and Exchange Commission.
The total number of shares of Rupali Bank, which came to the stock market in 1986, is 46 crore 46 lakh 97 thousand 205. Of this, 90.19 percent is held by the government, 3.10 percent by institutional investors, and 6.71 percent by general investors.