Alif Industries to raise Tk 200 crore

Alif Industries plans to raise funds of Tk 200 crore through issuing shares.

Today, the company informed its investors through the Dhaka Stock Exchange website.

The board has decided to raise capital through issuance of new shares to the prospective shareholders or investors at a price of the latest annual audited net asset value or share price of the company, the disclosure said.

The matter is a subject to approval of the present shareholders and Bangladesh Securities and Exchange Commission, it added.

Today, stocks of the textile maker rose 87 per cent to Tk 46.50 at 2.10 pm.