News Briefs (22-10-2019)
Tuesday, 22 October 2019
Pragati Life revises rights issue proposal
The board of directors of Pragati Life Insurance Ltd has revised the rights issue proposal. The life insurer now decided to issue one rights share for existing one share, according to an official disclosure on Monday. On July 8, the board of directors of the company recommended two rights shares for existing one share, with an issue price of Tk 15 per share including premium of Tk 5.0 each. The rights share issue is subject to the approval of the shareholders in the extraordinary general meeting (EGM), Bangladesh Securities and Exchange Commission and other regulatory authorities. — FE Report
GPH Ispat, Mediacom ink deal
A creative agreement signing ceremony was held on Monday between GPH Ispat Limited and Mediacom Limited. According to the agreement Mediacom Limited will act as a creative partner of GPH Ispat Limited. The ceremony was held in the head office of GPH Ispat Limited. On behalf of GPH Ispat, Director Mohammad Ashrafuzzaman and on behalf of Mediacom, CEO Ajoy Kumar Kundu signed the agreement. Alamgir Kabir, Chairman, GPH Ispat Limited, Fazle Rabbi, DGM, Brand, GPH Ispat Limited, Taufique Mahmud, Executive Creative Director, Mediacom Limited, Simon Islam Shawon, Director, Client Relation, Mediacom Limited were also present. — Statement