Beximco returning debenture dues of 2005
Star Business Report
Star Business Report
Beximco at last is going to return money of general investors who invested in its two debentures in 1995.
The tenure of the debentures ended in 2005 but many investors are yet to get their money back.
Debentures are debt instruments issued by companies in order to raise funds for a certain period of time, most often for 10 years. During this period, investors who purchased a debenture will receive interest against their investment. As per the information of Investment Corporation of Bangladesh (ICB), Beximco Limited has taken initiative to settle liabilities of debenture holders of Beximco Denims Limited and Beximco Textiles Ltd issued by Beximco Limited, where, ICB has been working as Trustee, the DSE said in post yesterday.