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October 29, 2009
The trading of the
Grameenphone shares at the
Dhaka and Chittagong stock
exchanges is likely to begin
in November, subject to
approval from the regulators
and stock exchanges.
A total 3,12,501 shares were
allocated through lottery with
2,77,757 for resident
Bangladeshis, 34,720 allocated
to non resident Bangladeshis
and 24 to mutual funds, a news
release said.
The Grameenphone IPO lottery
was held on Wednesday at the
Bangabandhu International
Conference Centre in Dhaka.The
IPO lottery was conducted
under the management of the
Bureau of Research, Testing
and Consultation, the
consultation wing of the
Bangladesh University of
Engineering and Technology.
M Rakibur Rahman, president of
Dhaka Stock Exchange, Fakhor
Uddin Ali Ahmed, senior
vice-president of Chittagong
Stock Exchange, and Oddvar
Hesjedal, chief executive
officer of Grameenphone, among
others, were present on the
occasion.
Speaking on the occasion, the
Grameenphone CEO thanked the
regulators, issue managers and
post issue managers for their
guidance and helping in taking
the process forward so smoothly.
The Grameenphone IPO has been
by far the largest IPO ever in
the Bangladesh capital market
and has generated great
interest locally and abroad.
Source: Newage
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