Shares of Bangladesh Shipping Corporation worth Tk 627.4 million will be offloaded through the capital market with next three months.
Declared price of each share will be Tk 100 and premium will be added to the price, officials said Friday night after inking an agreement with Credit Rating Information and Services Ltd (CRISL).
Secretary of the BSC Golam Hossain and CEO of CRISL Muzaffar Ahmed signed it on behalf of their respective firms at the BSC Bhaban. The occasion was attended among others by chief executive director
(commercial) of BSC Mostafa Kamal Uddin, executive director (finance) Golam Moula and executive director (technology) Sayeed Ullah.
Golam Hossain told the media that the sale proceeds of shares will be used to procure a mother tanker for the BSC at an estimated cost of Tk 4500 to 5000 million.
He further said the government has decided to offload shares to make the BSC profitable and the shares will be released within two to three months following the board meeting of the organisation on December 12.
Currently BSC’s two million shares are in the capital market: 87.5 per cent with the government and 12.5 per cent with the private investors.
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