The Bangladesh Securities and Exchange Commission issued a notification exempting Berger Paints Bangladesh Ltd. from specified provisions of the Securities and Exchange Commission (Right Issue) Rules, 2006 to enable a rights share offer to increase its paid-up capital. The exemption applies to clause (u) of rule 8 and rule 14, and was granted under section 29 of the Securities and Exchange Ordinance, 1969. It is limited to the proposed paid-up capital increase from 463.78 million to 491.06 million, with all other requirements of the Right Issue Rules, 2006 remaining applicable.
Bangladesh Securities & Exchange Commission 2025-01-10
Bangladesh Securities and Exchange Commission grants Berger Paints Bangladesh a waiver from Right Issue Rules for a rights offer raising paid-up capital to 491.06 million
The Bangladesh Securities and Exchange Commission has exempted Berger Paints Bangladesh Ltd. from certain provisions of the Securities and Exchange Commission (Right Issue) Rules, 2006, to facilitate a rights share offer. The exemption pertains to clause (u) of rule 8 and rule 14, under section 29 of the Securities and Exchange Ordinance, 1969, for a capital increase from 463.78 million BDT to 491.06 million BDT. All other Right Issue Rules, 2006 requirements apply.