The seventh EGM of BSRM Steels in progress in Chittagong recently.
The seventh extraordinary general meeting (EGM) of BSRM Steels has passed a special resolution to raise fund by issuing Zero Coupon Bond (ZCB) of Tk 2,000 million subject to the approval from the Bangladesh Securities and Exchange Commission (BSEC).
The meeting was held in Chittagong recently, said a press release.
The fund will be used for capital expenditure/refinancing of loan and also for equity investment in Chittagong Power Company.
Among others, Chairman of the company Alihussain Akberali, FCA, Managing Director Aameir Alihussain, Independent Director Mono Ranjan Dey, FCA, Company Secretary Shekhar Ranjan Kar, FCA, were present at the meeting.
A good number of the shareholders attended the EGM.
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