CVC Finance Limited, a financial institution, dedicated to delivering the best value to its customers, acquired 60 percent shares of the private limited company, CAPM Advisory Limited.
The Merchant Banking subsidiary will allow CVC Finance to engage in non-funded and fee based income in the areas of portfolio management, equity & debt issue management, corporate advisory services, bringing in FDI and other associated businesses.
CAPM Advisory Limited officially became a subsidiary of CVC Finance Limited after a share subscription ceremony which was organized recently. Higher Management from both organizations joined the ceremony while exchanging the cheque. Managing Director, Syed Minhaj Ahmed, and Deputy Managing Director, Shah Wareef Hossain, from CVC Finance Limited; on the other hand, Managing Director and CEO, Ms. Tania Sharmin from CAPM Advisory Limited were present at the share subscription ceremony.
The Managing Director of CVC Finance Limited, Syed Minhaj Ahmed said, “ The acquisition of majority shares in a fully functional merchant bank i.e; CAPM Advisory Limited will create synergy for corporate and individual clients of both the companies, which in turn will add to the profitability of both the companies.”
CAPM Advisory Limited was incorporated as a private limited company under Companies Act, 1994 in November 2011 and licensed as a full-fledged Merchant Banker and Portfolio Manager under Bangladesh Securities and Exchanges Commission (Merchant Banker & Portfolio Manager) Rules, 1996 in April 2012.