Renata to issue Tk325cr preference shares
The proposed preference shares will be non-cumulative, non-participative, redeemable or fully convertible, said the drug producer in a filing with DSE
Drug producer Renata Limited has decided to issue preference shares worth Tk325 crore to repay the existing high-cost loans.
According to the company's statement on the stock exchange, the proposed preference shares will be non-cumulative, non-participative, redeemable or fully convertible.
To secure the shareholders' approval, the company will conduct an ordinary general meeting scheduled for 12 January.
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The record date for the meeting is 12 December.
