National Bank Limited (NBL) has got the Securities and Commission's (SEC) nod to change the face value of its shares from Tk 100.0 to Tk 10.0 each as well as to increase the market lot from 20 to 100 shares.
The SEC Thursday gave its consent to the proposed changes in the denomination of the face value and market lot of NBL shares.
NBL, after obtaining permission from the central bank, submitted its proposal to the SEC on May 23 to split its shares and change market lot.
Earlier, the SEC released a statement, saying that change in the denomination of face value and market lot of shares do not add anything to company fundamentals.
Source: http://thefinancialexpress-bd.com
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