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First airway to trade on stock market <br>United Airways IPO lottery spins Tk 886 cr

Staff Correspondent |
Update: 2010-06-14 20:14:44

DHAKA: United Airways Limited was the first aviation company ever to trade on the stock market when it bagged Tk 100 crore through the lottery of its IPOs held at Bangabandhu International Convention Center on Tuesday morning.

A total of 12,32,219 people had applied against 1.6 lakh lots of the company’s shares, depositing a total of Tk 846 crore.

Professor Dr Pran Kanai Saha of BUET conducted the initial public offering (IPO) lottery distributing shares to the applicants.  

Managing Director of the United Airways Limited Tasmirul Haque Chowdhury and 33 directors, including Syed Chowdhury, Zakir Hossain and Shafiqur Rahman, attended the programme.  
Thanks were given to the regulators, Issue Managers, and Post-issue Managers for their guidance and help in “taking the lottery process forward smoothly”.

BDST: 0045HRS. June 15, 2010

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