Deshbandhu Polymar to issue IPOs

Dhaka, Bangladesh (BBN)- The Securities and Exchange Commission (SEC) has allowed Deshbandhu Polymar Limited (DPL) to raise paid-up capital through issuance of ordinary shares, officials said.

DPL, a leading plastic bag manufacturer, wanted to raise paid-up capital to BDT 160 million from BDT 100 million for expansion of its plant located at Polash in Narsingdi district.

The SEC in its letter issued January 3 this year gave its consent to realize fund worth BDT 60 million from the market. The face value of each share will be BDT 10, according to reports.

BBN/SS/SI/AD-16January10-11:20 pm (BST) 

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