Flash Report /
Global

Bangladesh: Free float of 3 companies to rise as BSEC aims to increase liquidity

  • Regulator asks sponsors of Berger, Walton, and ICB to sell their stakes to ensure 10% free float shares within a year

  • Berger, Walton and ICB need to sell 2.3mn, 27.4mn, and 54.9mn shares respectively to comply with BSEC’s direction.

  • Maximum 1% of the total outstanding share can be sold in the market per month.

Tanay Kumar Roy
Tanay Kumar Roy

Research Analyst

IDLC Securities
14 September 2021
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