Renata to Raise Tk 325 Crore via Preference Share Issue

Industry: Healthcare & Pharma, Pharma
Company: Renata Limited
Company Intelligence Tag: Business Insights

Renata PLC, a pharmaceutical and chemical sector company listed on the stock exchange, has decided to issue preference shares to raise Tk 325 crore from the market. The decision was made at the 231st board meeting of Renata, on November 23. The preference shares will be non-participating, meaning holders will not have voting rights or be able to attend the Annual General Meeting (AGM). These shares may either be fully redeemed at maturity or converted into common shares at the company’s discretion. The funds raised through this issue will be used to repay Renata’s existing debts. Renata will hold an Extraordinary General Meeting (EGM) on January 12, 2024, to obtain shareholder approval. If approved by shareholders and the Bangladesh Securities and Exchange Commission (BSEC), the bond issue will proceed.

Source for more details:

Related News

Vice Chairman of Square Pharma to Acquire 15 Lakh Shares

March 13, 2025

Ratna Patra, vice chairman and sponsor of Square Pharmaceuticals, announced her plan to purchase 15 lakh shares worth approximately Tk 33 crore at the current market price. The purchase will take place within the next 30 working days through both public and block markets on the Dhaka Stock Exchange (DSE).

NBR Cuts Advance Tax on Cancer Drug Materials to 2%

March 12, 2025

The National Board of Revenue (NBR) has exempted the advance tax (AT) on the import of raw materials for cancer drug manufacturing, aiming to reduce production costs and drug prices. Previously, a 5% AT was imposed, but it has now been reduced to 2% or eliminated altogether.

Square Pharma Chairman to Buy 15 Lakh Shares for Tk 32 Crore

March 11, 2025

Samuel S Chowdhury, chairman of Square Pharmaceuticals, plans to buy 15 lakh shares worth over Tk 32 crore within 30 working days through the Dhaka Stock Exchange (DSE). As of November 30, 2023, he held a 9.32% stake, which will rise to 9.49% after the purchase.

Pharma Exports Grow 7.1% in Eight Months of FY24-25

March 10, 2025

Bangladesh's pharmaceutical exports saw steady growth in the first eight months of FY24-25, earning $145.46 million, a 7.1% increase from $135.81 million in the same period of the previous year. Growth was driven by rising demand in developed markets like the US, Australia, and Europe.

Govt Provides Tk 525.46 Crore to Beximco for Worker Dues

March 8, 2025

The government has provided Tk 525.46 crore to Beximco Group to settle dues for workers and officials of 14 closed textile and garment units. The funds, allocated by the finance division, will be disbursed as a loan, which Beximco must repay later.

SC Allows Govt-Approved Directors to Rejoin Beximco Firms

March 5, 2025

The Appellate Division of the Supreme Court has allowed independent directors appointed by the Bangladesh Securities and Exchange Commission (BSEC) to resume duties at Beximco, Beximco Pharmaceuticals, and Shinepukur Ceramics.

Related News

Vice Chairman of Square Pharma to Acquire 15 Lakh Shares

March 13, 2025

Ratna Patra, vice chairman and sponsor of Square Pharmaceuticals, announced her plan to purchase 15 lakh shares worth approximately Tk 33 crore at the current market price. The purchase will take place within the next 30 working days through both public and block markets on the Dhaka Stock Exchange (DSE).

NBR Cuts Advance Tax on Cancer Drug Materials to 2%

March 12, 2025

The National Board of Revenue (NBR) has exempted the advance tax (AT) on the import of raw materials for cancer drug manufacturing, aiming to reduce production costs and drug prices. Previously, a 5% AT was imposed, but it has now been reduced to 2% or eliminated altogether.

Square Pharma Chairman to Buy 15 Lakh Shares for Tk 32 Crore

March 11, 2025

Samuel S Chowdhury, chairman of Square Pharmaceuticals, plans to buy 15 lakh shares worth over Tk 32 crore within 30 working days through the Dhaka Stock Exchange (DSE). As of November 30, 2023, he held a 9.32% stake, which will rise to 9.49% after the purchase.

Pharma Exports Grow 7.1% in Eight Months of FY24-25

March 10, 2025

Bangladesh's pharmaceutical exports saw steady growth in the first eight months of FY24-25, earning $145.46 million, a 7.1% increase from $135.81 million in the same period of the previous year. Growth was driven by rising demand in developed markets like the US, Australia, and Europe.

Govt Provides Tk 525.46 Crore to Beximco for Worker Dues

March 8, 2025

The government has provided Tk 525.46 crore to Beximco Group to settle dues for workers and officials of 14 closed textile and garment units. The funds, allocated by the finance division, will be disbursed as a loan, which Beximco must repay later.

SC Allows Govt-Approved Directors to Rejoin Beximco Firms

March 5, 2025

The Appellate Division of the Supreme Court has allowed independent directors appointed by the Bangladesh Securities and Exchange Commission (BSEC) to resume duties at Beximco, Beximco Pharmaceuticals, and Shinepukur Ceramics.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here