Corporate DisclosureIDLC
IDLC Corporate Disclosure — 23 November 2016
Announcement summary
- What happened
- IDLC published a corporate disclosure on 23 November 2016. Read the full announcement for details.
- Company
- IDLC Finance PLC.
- Announcement published
Original announcement
(Continuation news of IDLC): The purpose of the rights issuance is to strengthen the capital base of the company and subsequently maintaining a healthy Capital Adequacy Ratio (CAR) as per the "Prudential Guidelines on Capital Adequacy and Market Discipline (CAMD) for Financial Institutions" under Basel accord. The proceeds to be received from Rights issue will be invested to increase the lending portfolio of the company as well as to maintain its smooth growth. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b00004006099c
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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