The board of directors of Berger Paints Bangladesh Limited, a multinational company listed in various sectors on the capital market, has decided to issue rights shares. The rights shares will be issued subject to the approval of investors and the Bangladesh Securities and Exchange Commission (BSEC).

This information was revealed by sources at the Dhaka Stock Exchange (DSE).

According to sources, Berger Paints Bangladesh wants to issue 1 right share against 17 ordinary shares. In this case, each share wants to be issued at a price of 1,110 taka (premium 1,100 taka).

Berger Paints wants to use the money raised through the rights share issue for its third factory project. For this purpose, the date of the special general meeting (EGM) has been set for January 25. And the record date for the election of shareholders participating in the EGM has been set for January 2.