The cis set to issue 2.21 crore shares to the government against a share money deposit of Tk166 crore. The government will receive these shares at Tk75 each, inclusive of a Tk65 premium, representing a 66% discount to the market price. BSCCL’s shares closed at Tk218.9 each on the Dhaka Stock Exchange (DSE).
The move is based on a directive from the Financial Reporting Council (FRC) issued in 2020, requiring share money deposits to be converted into capital within six months. While the government’s proposal has been accepted, the decision will be presented at the next annual general meeting (AGM) for shareholder approval. I
In 2024, the BSCCL proposed to the government issuing 1.48 shares at Tk110.20 per. BSCCL’s financials for FY23 showed revenue growth of over 16% to Tk515 crore, with a 13% increase in net profit to Tk279 crore. A record 51% cash dividend has been recommended for the fiscal year 2022-23. Company’s paid-up capital of the is Tk164.90 crore, government holds 73.84%, Institutional investors possess 15.57%, overseas investors owned 2.75%, and ordinary investors own 7.84%.
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