PILIL downgraded to Z category
Thursday, 2 October 2014
Padma Islami Life Insurance Limited (PILIL) will be placed in Z category from existing B category with effect from October 12, 2014 as per Dhaka Stock Exchange (Settlement of Transactions) Regulations, 2013. The company has been downgraded to Z category since it did not recommend any dividend for the year ended on December 31, 2013, according to DSE website, according to a news agency.