DSE approves BFIC, ILFS for trading

FE Team | Published: September 07, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The board of directors of the Dhaka Stock Exchange (DSE) in its board meeting Thursday approved Bangladesh Finance and Investment Company (BFIC) and International Leasing and Financial Services (ILFS) for trading on the DSE.
According to the decision of the DSE board meeting the formal trading of BFIC and ILFS, two non-banking financial institutions (NBFIs), will start from September 11 and September 16 respectively.
The subscription of BFIC took place in mid-June to raise Tk 70 million and International Leasing in early July to raise Tk 112.50 million.
Bangladesh Finance will be the 14th while ILFS the 15th listed NBFI on the Dhaka Stock Exchange.
The already listed NBFIs are: IDLC, United Leasing, Uttara Finance, MIDAS Financing, First Lease International, People's Leasing, Prime Finance and Investment, Premier Leasing, Islamic Finance and Investment, LankaBangla Finance, Bangladesh Industrial Finance, IPDC and Union Capital.
In another move, the DSE board of directors awarded the tender for operating a brokerage house at a cost of Tk 550 million to the ILFS.
A source who, attended the board meeting said that ILFS was the highest bidder for buying the brokerage membership of the DSE. So, as per the rules of the tender ILFS has been awarded the tender, he said.