Paramount Textile gets nod to raise Tk 150 crore

Paramount Textile Ltd has received consent from the Bangladesh Securities and Exchange Commission to raise Tk 150 crore through the issuance of preference shares.

In a filing on the Dhaka Stock Exchange today, the company informed that the commission has provided the approval for raising the capital only through the issuance of 15 crore fully redeemable, non-convertible and cumulative preference shares of Tk 10 each through a private placement.