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November 12, 2009
Grameenphone share trade is
set to debut on November 16,
bourse officials said yesterday.
The decision on the listing of
the leading mobile phone
operator was taken in the
board meeting of Dhaka Stock
Exchange (DSE). This is the
biggest ever public offer in
the history of Bangladesh
capital market.
Earlier, Chittagong Stock
Exchange (CSE) President
Fakhor Uddin Ali Ahmed handed
over the listing confirmation
letter to Grameenphone Chief
Executive Oddvar Hesjedal at
CSE's Dhaka office, according
to a press release.
“We have confirmed our
commitment to the capital
market as well as to other
stakeholders and we will do
more for a better market in
future,” said the GP CEO.
Subscribed by more than three
times, the cellphone operator
had earlier raised over Tk 486
crore from public last month
by issuing 6.943 crore
ordinary shares at Tk 10 each
with a premium of Tk 60 each.
Grameenphone said it wanted to
use proceeds from the issue to
expand its network and develop
information technology and for
corporate purposes.
“Bangladesh capital market has
proved that a large issue like
Grameenphone can be easily
subscribed by the retail
investors. We urge other
foreign investors to offload
shares or raise fund through
our stock markets,” said CSE
President Fakhor Uddin Ali Ahmed.
CSE Vice Presidents Al Maruf
Khan, AQI Chowdhury and
Directors MKM Mohiuddin,
Mohammad, Fakhruddin, CSE CEO
Mohammed Abdullah Mamun and
Company Secretary and Chief of
Corporate Affairs of
Grameenphone Raihan Shams were
also present on the occasion.
Source: The Dailystar
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