Green Delta Capital Managing Director and CEO Md Rafiqul Islam and Raj Lanka Power Company Director U Gamini Sarath are seen signing an agreement in the capital on Tuesday.
Green Delta Capital Limited (GDCL) and Raj Lanka Power Company Limited (RLPCL) on Tuesday signed an issue management agreement for issuance of IPO in Bangladesh under book building method.
Green Delta Capital Managing Director and CEO Md Rafiqul Islam and Raj Lanka Power Company Director U Gamini Sarath signed the agreement on behalf of their respective organisations, said a press release. GDCL Chairman Nasir A Choudhury, RLPCL Country Manager Thamaka Thimbiripola, RLPCL Finance Head Md Suman along with other officials from both GDCL and RLPCL were present in the signing ceremony.
Rajlanka Power Company is a subsidiary of Lakdhanavi Ltd (LAK) of Sri Lanka which is a subsidiary of LTL Holdings (Pvt) Limited, a leading power sector engineering conglomerate in Sri Lanka.
RLPCL incorporated in August, 2011 to set up a 52.2 MW Heavy Fuel Oil (HFO) based power plant at Natore Sadar in Natore.
RLPCL is going to raise fund through Initial Public Offering under Book Building Method. In recent times, Government is encouraging the companies to go for IPO to collect fund to make the capital market more stable and vibrant.
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