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Saif Powertech to Invest TK 27.85 Lakh in Grihayan Limited

Industry: Construction, Energy & Power, Power
Company: Grihayan Limited, Saif Powertec Limited
Company Intelligence Tag: Business Insights

Capital market listed company Saif Powertech Limited decided to invest 27,85,700 Tk in Grihayan Limited during a recent board meeting. This investment aims to support Grihayan Limited’s digital land survey, soil testing, and civil engineering consultancy services. Saif Powertech will hold a 65% equity share in Grihayan Limited. Saif Powertech’s earnings per share (EPS) for the first half of the financial year 2022-23 decreased to 34 paise from 99 paise in the previous year, marking a 65.66% decline. The net asset value per share (NAVPS) as of December 31, 2022, was Tk 15.83. Saif Powertech distributed a 10% cash dividend to shareholders for the financial year ended June 30, 2022. In the current accounting year, the EPS dropped to TK. 1.32 from TK. 1.65 in the previous year, reflecting a 20% decrease.

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