Power Grid to pay off BPDB in shares
The Power Grid Company of Bangladesh is going to pay off one of its shareholders, Bangladesh Power Development Board (BPDB), Tk 251.81 crore in the form of 25.18 crore shares.
The BPDB had made the strategic investment in the listed company in the form of electricity transmission lines and renovations and augmentations of grid substations, vehicles and other transmission infrastructure.
The shares would be locked, meaning those cannot be sold without approval from the Bangladesh Securities and Exchange Commission.
Comments