Deshbandhu Polymar to issue IPOs
Sunday, 17 January 2010
Jasim Uddin Haroon
Securities and Exchange Commission (SEC), the capital market regulatory body, has allowed Deshbandhu Polymar Limited (DPL) to raise paid-up capital through issuance of ordinary shares, officials said.
DPL, a leading plastic bag manufacturer, wanted to raise paid-up capital to Tk160 million from Tk100 million for expansion of its plant located at Polash in Narsingdi.
The SEC in its letter issued January 3 gave its consent to realise fund worth Tk 60 million from the market. The face value of each share will be Tk 10, SEC said.
Securities and Exchange Commission (SEC), the capital market regulatory body, has allowed Deshbandhu Polymar Limited (DPL) to raise paid-up capital through issuance of ordinary shares, officials said.
DPL, a leading plastic bag manufacturer, wanted to raise paid-up capital to Tk160 million from Tk100 million for expansion of its plant located at Polash in Narsingdi.
The SEC in its letter issued January 3 gave its consent to realise fund worth Tk 60 million from the market. The face value of each share will be Tk 10, SEC said.