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Business Insider Bangladesh

BSEC okays Envoy Textile’s Tk 87cr preference shares

BI Report || BusinessInsider

Published: 20:46, 20 January 2022  
BSEC okays Envoy Textile’s Tk 87cr preference shares

Envoy Textiles logo

The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the stock market, has approved preference shares worth Tk 87 crore for Envoy Textiles.

The approval was given at a regular commission meeting held on Thursday, according to a BSEC press release.

The BSEC approved the five-year fully redeemable, non-convertible, cumulative preference shares of Envoy Textiles, which will be issued through private placements.

The face value of a preference share is Tk 10 per unit. The coupon rate has been fixed from 7 percent to 7.5 percent.

Envoy Textiles will implement the blended yarn project and repay the loan through this preference share issue.

Nagad
Monetary Policy Stance
Budget 2020-21
Walton