Aamra Network got approval to issue right shares
Amra Network Limited, an information technology company listed in the capital market, has received permission to collect Tk 92 crore 97 lakh 99 thousand 120 by issuing right shares. The company will withdraw this money through the issue of 3 crore 99 lakh 3 thousand 304 ordinary shares as right shares.
Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, gave this approval in its 900th meeting on Wednesday, February 14.
The executive director and spokesperson of the regulatory body, Mohammad Rezaul Karim informed about the approval in the commission meeting held on Wednesday, February 14, presided over by the BSEC Chairman Professor Shibli Rubaiyat-ul-Islam.
He said, Aamra Network applied for approval to issue 3 crore 993 thousand 304 rights shares in the ratio of 1:2. The price of each share is fixed at Tk 30 with a premium of Tk 20. The Commission has approved the application of the company. As a result, Aamra Network will raise capital of 92 crore 97 lakh 99 thousand 120 by issuing 3 crore 9 lakh 93 thousand 304 shares at 30 taka each. With this money, the company will spend on bank loan repayment, network system modernization, increasing network coverage and expenses related to rights issue.
According to the right share document, the company's net assets per share stood at 38 11 paisa for the financial year ended on 30 June 2023. And the income per share was 3 taka 64 paisa. UCB Investments Limited is responsible for the issue management of the company.
