GPH Ispat to issue preference shares worth Tk500cr to repay loan | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 10, 2025
GPH Ispat to issue preference shares worth Tk500cr to repay loan

Stocks

TBS Report
08 October, 2024, 09:45 pm
Last modified: 08 October, 2024, 09:50 pm

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

GPH Ispat to issue preference shares worth Tk500cr to repay loan

Preference shares are company stock with dividends that are paid to shareholders before common stock dividends are paid out

TBS Report
08 October, 2024, 09:45 pm
Last modified: 08 October, 2024, 09:50 pm
GPH Ispat to issue preference shares worth Tk500cr to repay loan

GPH Ispat Limited, a leading steel manufacturer in the country, has now decided to issue preference shares to raise up to Tk500 crore to refinance its existing loans. 

Earlier in August, the GPH Ispat unveiled a plan to raise Tk242 crore issuing rights shares to enhance its production capacity and meet growing demand both locally and internationally.

In a disclosure today (8 October) in a stock exchange filing, the issuance of non-convertible, cumulative, redeemable and non-participative preference shares subject to approval from the Bangladesh Securities and Exchange Commission (BSEC).

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Preference shares are company stock with dividends that are paid to shareholders before common stock dividends are paid out.

However, the company recommended 10% cash dividend only for the general shareholders except sponsors and directors for fiscal year 2023-24. In FY23, it paid 5% cash and 5% stock dividends for its shareholders. 

According to the disclosures, its sponsors and directors hold over 22.62 crore shares out of over total 48.38 crore shares and cash dividend payable to the general shareholders is Tk25.76 crore.

The company reported an earnings per share (EPS) of Tk1.77 for FY24, which was Tk0.58 in the previous fiscal year.

In an explanation for increasing EPS, it said, EPS increased to Tk1.77 from Tk0.58 in the previous year. While the operating profit remained the same as last year, the company effectively managed its foreign currency exchange losses.

"This year, the total loss from foreign currency fluctuations was Tk79.32 crore compared to Tk232.50 crore in the previous year. As a result, finance costs decreased by Tk51.55 crore and current tax expenses also dropped by Tk6.66 crore and net profit rose by Tk59.01 crore compared to last year," the disclosure reads. 

The annual general meeting (AGM) of the company, to be held through the digital platform, has been scheduled for 12 December. To identify its shareholders, record date has been fixed for 4 November.

Top News

GPH Ispat / shares / loan repayment / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • In this photo released by Xinhua News Agency, Chinese Vice Premier He Lifeng, right, shakes hands with U.S. Treasury Secretary Scott Bessent before their meeting to discuss China-U.S. trade, in London, Monday, 9 June 2025. Photo: Xinhua via AP
    US and China in trade talks in London after Trump's phone call with Xi
  • Representational image. Photo: iStock
    Mild heatwave sweeping over parts of country
  • Representational image. Photo: Collected
    BSF pushes 20 more people into Bangladesh through Dinajpur, Thakurgaon borders

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • A photo showing the former president on his return to Dhaka today (9 June). 
Source: Collected
    Former president Abdul Hamid returns to Bangladesh from Thailand
  • File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar
    Dhaka: The city we never want to return to, but always do
  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • Inside the aid ship stormed by Israeli forces on 9 June 2025. Photo: BBC
    Israeli forces stormed aid boat carrying Greta Thunberg bound for Gaza: Freedom Flotilla Coalition
  • Enhanced surveillance at Ctg airport amid rising global Covid-19 cases
    Enhanced surveillance at Ctg airport amid rising global Covid-19 cases

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

Features

File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

1d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

2d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

5d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

6d | Panorama

More Videos from TBS

Khadi in a New Form Amid Various Crises in Fashion

Khadi in a New Form Amid Various Crises in Fashion

1h | TBS Stories
US and China to meet in London for trade talks

US and China to meet in London for trade talks

14h | TBS World
The forbidden point on Cox's Bazar beach is like a death trap

The forbidden point on Cox's Bazar beach is like a death trap

17h | TBS Today
Israeli forces seize Gaza aid boat carrying Greta Thunberg

Israeli forces seize Gaza aid boat carrying Greta Thunberg

18h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net