GPH Ispat plans rights issue to fund capacity expansion

GPH Ispat Limited announced plans to raise Tk242 crore through a rights share issue to enhance production capacity by setting up a new expansion plant. The new plant is expected to generate Tk450 crore in annual revenue.

“GPH Ispat Limited, a leading steel manufacturer in the country, has announced plans to issue rights shares to raise Tk242 crore to enhance production capacity and meet growing demand both locally and internationally.”tbsnews.net

• 1 source
• tbsnews.netGPH Ispat plans to raise Tk242cr for business expansion | The Business StandardTBS ReportAug 24, 2024

Summarized from public sources; check the original articles before acting on it.