Paramount Textile Limited of Bangladesh is all set to raise Taka 150 crore through issuance of preference shares following receiving consent from the Bangladesh Securities and Exchange Commission (BSEC) in this regard.
As per reports, Paramount Textile Limited, in a filing on the Dhaka Stock Exchange (DSE) recently, informed that the commission has approved raising the capital only through the issuance of 15 crore fully redeemable, non-convertible and cumulative preference shares of Taka 10 each through a private placement.
It may be mentioned here that founded in 2006, Paramount Textile Limited operates as a yarn-dyed woven fabric manufacturer and exporter.
