Mir Akhter Hossain to raise Tk 125cr

Construction and engineering company Mir Akhter Hossain Ltd organised a roadshow in the capital's Sonargaon hotel on Wednesday to go public under the book building method and raise capital worth Tk 125 crore.

Of the proceeds, Tk 49 crore will be used to buy equipment, Tk 12 crore to build a building adjacent to its main building, Tk 10 crore for two plants, Tk 10.5 crore to build a warehouse and workshop, Tk 40 crore to repay bank loans and others for IPO expenses. IDLC Investments will be working as the issue manager.