Baraka Power shareholders approve subsidiary listing
Corporates
Baraka Power Limited, a publicly listed power generating company, has secured its shareholders approval for floating primary shares of its subsidiary – Baraka Patenga Power Ltd.
Shareholders voted on the 10th Extraordinary General Meeting (EGM) of Baraka Power on Thursday held at Khan's Palace Convention Hall, Subidbazar in Sylhet.
Company Secretary Mohammed Saiful Islam Chowdhury started the main event of the ceremony by welcoming Board of Directors and shareholders present there.
Chairman of the company, Faisal Ahmed Chowdhury, briefed the financial performance of Baraka Patenga Power. He also explained the financial impact of Baraka Power if its subsidiary company is listed in the capital market.
Shareholders, too, expressed their views and showed positive remarks regarding the Initial Public Offering (IPO) process of Baraka Patenga Power.
Fahim Ahmed Chowdhury, Managing Director of the company, in his closing speech expressed the gratitude to all shareholders for their spontaneous presence and support regarding the agenda of the EGM.
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