BSEC exempts ICB from 5% investment cap for 'A' category stocks
The decision was made at the commission’s 952nd meeting held on Tuesday (22 April), according to a press release signed by BSEC Director and spokesperson Abul Kalam
Logo of BSEC/File photo
The Bangladesh Securities and Exchange Commission (BSEC) has granted the Investment Corporation of Bangladesh (ICB) an exemption from the standard 5% investment limit for shares of any single 'A' category listed company, allowing the state-owned investor to take larger stakes in top-tier firms.
The decision was made at the commission's 952nd meeting held on Tuesday (22 April), according to a press release signed by BSEC Director and spokesperson Abul Kalam.
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The exemption, granted in response to an ICB request, aims to enhance market stability and enable increased investment in fundamentally sound and promising securities. BSEC expects the move to support liquidity and investor confidence in the capital market.
