Deshbandhu Group, one of the largest conglomerates in the country, is set to merge publicly-traded Deshbandhu Polymer with its three other non-listed companies for what it says is strengthening of fundamentals. According to a disclosure on Sunday, the merger scheme will be carried out through a ca
Saif Powertec is going to form a subsidiary -- Innovative Logistics & Shipping -- in order to branch out into trading in commodities and farming. The country's lone terminal operator set Tk 25.50 million as initial investment for the business expansion and diversification, according to a stock exc
The latest amendment to the corporate governance code requiring appointment of at least two independent directors in listed enterprises is seen by company owners as unwanted intervention in businesses that they have built. The securities regulator says the amendment was necessary to ensure corpora
The initial public offering (IPO) of Sikder Insurance Company is set to open for subscription on December 21, aiming to raise Tk 160 million from the stock market under the fixed price method. The investors can submit their applications through electronic subscription systems of the stock exchange
The equities benchmark index reversed losses in the outgoing week, snapping a three-week losing streak, as bargain hunters chased rumour-based stocks in anticipation of quick gain. Although the overall investment appetite remained subdued, the allure of potential quick gains prompted a section of
The initial public offering (IPO) subscription of Best Holdings is set to begin on January 8 to raise Tk 3.50 billion from the primary market. It will continue until January 14, according to its IPO prospectus published on Thursday. The cut-off price of IPO shares was fixed at Tk 35 each through
Energypac Power Generation has reported a loss of Tk 449 million in FY23, owing to the sell-off of its electricity generating subsidiary. A major player in the supply, installation, commissioning, and maintenance of gas and diesel generators in Bangladesh, it had Energypac Power Venture Limited (E
Five of the seven listed cement manufacturers improved their earnings in the July-September quarter of FY24, overcoming challenges stemming from rising energy costs as well as the depreciation of the taka against the dollar. The cement makers managed to offset additional costs partially by boostin
The stock market regulator has imposed a fine of Tk 500,000 on Biplob Holdings Ltd for violating securities rules. The Bangladesh Securities and Exchange Commission (BSEC) disclosed the regulation enforcement decisions for November on its website on Wednesday. It also served warnings to 12 other
After Power Grid, the state-run Dhaka Electric Supply Company (DESCO) has decided to issue shares against funds received from the government to comply with a three-year-old directive from the Financial Reporting Council (FRC). The DESCO board at a meeting on Tuesday decided to issue more than 607.
MJL Bangladesh, one of the leading private lubricant marketers, plans to invest $32.5 million to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies. The tanker, with a capacity of 11,000 cubic meters, a unit of measurement for the volume of
The stock market regulator has given its permission to Web Coats PLC to raise Tk 50 million through a qualified investors offer (QIO). The approval came on Tuesday at a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC), presided over by its Chairman Prof. Shibli Rub
Fixed-interest corporate bonds can offer a good defence to corporate entities against rising lending rates if the debt market infrastructure is improved. Borrowing costs have risen sharply for the last few months due to measures taken by the Bangladesh Bank to contain inflation and are expected to
