MEGHNACEM Issue Fully Redeemable Preference Shares - Share market analysis of dhaka stock exchange, Bangladesh

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13 August, 2018 10:04 AM Source: Dhaka Stock Exchange

The Company has informed that the Board of Directors has recommended to issue the Fully Redeemable Preference Shares of Tk. 100.00 crore only to raise its Capital through Private Placement, subject to the approval of the shareholders and by the Regulatory Authorities. The generated fund will be utilized to increase the production capacity for business augmentation and to maintain better leverage ratio of the Company. AAA Finance & Investment Limited will act as the Manager to the Issue as well as the Lead Arranger of the Fund. Detailed features of the Redeemable Preference shares will be finalized and disclosed in due course.


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