BSCIC Set to Enter Capital Market

Industry: Stock Market
Economic Tag: SME

The Bangladesh Small and Cottage Industries Corporation (BSCIC) will soon be listed in the capital market, as a new law has been enacted allowing general investors to purchase up to 49% of BSCIC shares. The corporation will have an authorized capital of Tk 3,000 crore and a paid-up capital of Tk 2,637.22 crore. The government will maintain at least a 51% share in the corporation. BSCIC’s presence in the stock market is expected to boost investor confidence and have a positive impact on the market. This move aligns with the government’s efforts to encourage state-owned companies to get listed in the stock market, which has faced resistance from many corporations in the past.

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