NRB Bank Ltd, a leading 4th generation Bank of the country, has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk100 crore through an initial public offering (IPO).
The company's IPO was approved in the 887th commission meeting held under the chairmanship of Prof. ShibliRubaiyat-ul-Islam, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) on Thursday.
The money raised through the IPO will be used by the bank for investment in government securities and securities listed on the capital market and for initial public offering.
