2024-09-15 11:11:43
Published: 11:22, 15 September 2024
The board of directors of Agrani Insurance Company Limited, listed in the insurance sector in the capital market, has withdrawn the application for issue of right shares.
On Sunday (September 15), this information was revealed by Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
On March 30, the board of directors of Agrani Insurance Company Limited took a decision to issue right shares, which was published on the website of the stock exchange on March 31, the company said. However, due to unavoidable circumstances, the company has now withdrawn that application.
It is learned that the company wanted to issue 1 right share against 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 this money raised. At the same time, insurance development will follow the instructions of regulatory authorities. The company held a special general meeting (EGM) through digital platform on April 28 at 11 am to approve the right shares. And the record date has been fixed on April 24 for the election of shareholders participating in the EGM.
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