The approval came from a regular meeting of the regulatory body, SEC, at its office in the city.
Emerging from the meeting, executive director of the SEC told journalists that GSP finance would collect Tk 50 crore by releasing 2 crore shares.
“The price of each share, having Tk 10 face value, has been fixed at Tk 25 while Tk 15 will be taken as premium,”. The company’s net asset value (NAV) and earning per share (EPS) are Tk 25.61 and Tk 1.75 respectively as of December, 2010.
ICB Capital Management is working as the issue manager of GSP Finance.
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