Bangladesh Securities and Exchange Commission (BSEC) has approved the issuance of preference shares to listed Dhaka Electric Supply Company Limited (DESCO).

This information is revealed by DSE sources.

It is known that 607 crore 69 lakh 35 thousand 130 e-redeemable, non-cumulative A preference shares will be issued on behalf of the Bangladesh government. Which will be represented by the Secretary, Power Department, and the Ministry of Power, Energy, and Mineral Resources. The net profit after tax will be 15 percent.