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Junk NBFI stocks soar despite looming liquidation

Junk NBFI stocks soar despite looming liquidation

Despite facing liquidation, the shares of scam-hit non-bank financial institutions (NBFIs) have surged sharply on the stock exchanges over the past three months. The five listed NBFIs-FAS Finance, Premier Leasing, Fareast Finance, People's Leasing, and International Leasing-have seen their share p

BSEC approves Tk 500cr zero-coupon bond for Akij Food & Beverage

BSEC approves Tk 500cr zero-coupon bond for Akij Food & Beverage

Bangladesh Securities and Exchange Commission (BSEC) on Wednesday approved a Tk 500 crore zero-coupon bond for Akij Food and Beverage Limited to support its financing needs. The approval came at the commission’s 1004th meeting held at the BSEC office in Agargaon, chaired by BSEC Chairman Kho

India's largest-ever IPOs ahead of Ambani's Jio offering

India's largest-ever IPOs ahead of Ambani's Jio offering

Indian billionaire Mukesh Ambani's AI-to-telecoms arm Reliance Jio Platforms is gearing up for a stock offering which could be India's biggest-ever. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion, and sources told Reuters in January the IPO cou

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