08
Jun
12:12
Market authority approves BSRM merger
Bangladesh Steel Re-Rolling Mills has issued 62.52 million shares in favour of BSRM Steel Mills Limited after the Bangladesh Securities Exchange Commission approved the merger of the two firms. The paid-up capital of the former firm will thus be raised to BDT 2.99 billion ($35.3 million), Kallanish notes.
BSRM Steel Mills, in which Bangladesh Steel Re-Rolling Mills owns a 44.97% stake, produced 605,726 tonnes of billet in the fiscal year through June 2020 (FY20), …
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