logo

IPDC to issue zero coupon bonds

FE Report | Sunday, 8 June 2008


IPDC of Bangladesh Limited has decided to issue zero coupon bonds and will carry out stock brokerage business.

Two special resolutions were passed in this connection by majority shareholders in the extra-ordinary general meeting (EGM) of the company held at Trust Milonayaton in the city Thursday.

Industries Secretary and IPDC Chairman Md Nurul Amin presided over the meeting.

Directors Shabir Kassam, Shahid Mahmood Loan, Altaf Hussain and Lucas Xavier, Managing Director-cum-CEO (current charge) Mominul Islam and Company Secretary Mousumi Yasmin attended the meeting.

Institutional shareholders of the company namely, Aga Khan Fund for Economic Development (AKFED) was represented by Altaf Hussain, Summit Industrial and Mercantile Corporation (Pvt) Ltd by Ayesha Aziz Khan and Alliance Holdings Ltd by Syed Yasser Rizvi.