Business Report :
Rupali Bank, the sole publicly-listed state-owned commercial bank, has decided to issue 45.33 crore ordinary shares at a price of Tk15 each in favor of the secretary of the Finance Division (on behalf of the government).
To get the shareholders approval, the bank called an extraordinary general meeting (EGM) on 30 July through hybrid system and fixed 12 June as the record date for identifying its stakeholders, according to a disclosure on the stock exchange website on Thursday.
In mid March, the bank received approval from the finance ministry to issue ordinary shares, aiming to fortify its share money deposits of Tk680 crore.
As per company, the ordinary shares were priced at Tk15 each, comprising a Tk5 premium and Tk10 face value.
