The collapse of the Sheikh Hasina-led government, Grameenphone’s stock has gained substantial investor interest, increasing its market capitalization by approximately Tk14,000 crore on the Dhaka Stock Exchange (DSE). On August 4, its share price stood at Tk247.20, but it surged over 53% to reach Tk379.20 by August 14, marking a 39-month high. Despite a subsequent correction that saw shares close at Tk349.30, this still reflects a Tk13,787 crore increase from early August. Grameenphone’s market cap now stands at Tk47,166 crore, representing 12.1% of the total DSE market cap.
This political shift has heightened interest from both local and foreign investors, as the previous administration had conducted a special audit on Grameenphone, imposing significant financial penalties. The new interim government, led by Chief Adviser Professor Muhammad Yunus—who has connections to Grameenphone—has fostered optimism about the company’s future. As of July, Norway’s Telenor Mobile Communications owned 55.80% of Grameenphone, while Grameen Telecom held 34.20%. For the first half of the year, Grameenphone reported a 5% revenue increase to Tk8,155 crore and an 11% rise in net profit to Tk2,199 crore, along with a 160% cash dividend.
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