Paramount Textile, a listed textile company, has got regulatory approval to offload preference shares to raise a fund of Tk 150 crore.
Envoy Textiles Limited — a leading denim manufacturer and exporter — will issue a Tk200 crore bond for buying machinery for its power plant and repaying loans.
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Participants called for bringing all the key stakeholders of syndication financing including the investment banks under a forum to discuss the prospects, challenges and opportunities regarding syndicated loans.
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Participants at a workshop have sought a conducive atmosphere for better merger and acquisition (M&A) transactions of corporates.
The stakeholders have also underscored the need for a greater and trustworthy role of the country’s M&A intermediaries, to help improve practices in the sector.
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