Bextex to buy 50pc of power company
Beximco Textiles plans to purchase a 50 percent stake in a power generation company.
The industrial unit of Beximco Group, commonly known as Bextex, will buy 35 lakh shares of Northern Power Solution Ltd, according to a posting on the Dhaka Stock Exchange website yesterday.
The purchase will cost Tk 100 each, totalling Tk 35 crore.
Northern Power has been awarded a 50MW rental power plant project at Katakhali in Rajshahi by the government.
Bextex was listed on the stockmarket in 1992.
Each share of the company traded between Tk 85.90 and Tk 82.80 on the DSE yesterday.