The board of directors of listed GPH Ispat has decided to issue preference shares worth Tk 500 crore. This information is known from Dhaka Stock Exchange (DSE) sources.
According to sources, the company has decided to issue non-convertible, cumulative, redeemable and non-participative preference shares in the stock market.
Through this share issue, the company will raise Tk 500 crore from the stock market. With this money the company will refinance the existing debt.
The company will issue these preference shares subject to the approval of the regulatory body Bangladesh Securities and Exchange Commission (BSEC).
