PETALING JAYA: It is all systems go for the largest initial public offering (IPO) in Bangladesh after Robi Axiata Ltd received the necessary regulatory approvals.
The Bangladesh Securities and Exchange Commission (BSEC) has approved the proposed IPO and proposed listing of Robi, a 68.7% subsidiary of Axiata Group Bhd
on the Dhaka Stock Exchange Ltd and the Chittagong Stock Exchange Ltd.
In a filing with Bursa Malaysia on behalf of Axiata, CIMB said under the conditions imposed under Section 2CC of the Securities and Exchange Ordinance 1969, Robi shall go for IPO for 523.79 million ordinary shares of 10 taka (49 sen) at par totalling to 5.24 billion taka (RM256.1mil), out of which a total of 136.05 million ordinary shares will be issued to Robi’s employees under its employee share purchase plan.
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