SEC of Bangladesh announced six companies to merchant banking

Securities and Exchange Commission of Bangladesh at a meeting gave approval to six companies to perform merchant banking activities. They are Jamuna Bank, Mutual Trust Bank, City Bank, Alfa Capital Management, Cosmopolitan Traders Private Ltd and Green Delta Insurance Company. With this announcement of the six merchant banks, the number of merchant banks has increased to 37 in Bangladesh. SEC also approved right issue offer of Bay Leasing & Investment Ltd. The company will issue 30, 60,000 ordinary shares of Tk 100 each at an issue price of Tk 350 per share (including a premium of Tk 250 each) totaling Tk 107.10 core.