DHAKA: The management of Dhaka Bank, a listed company with the capital market, Sunday decided to push down the face value and up the market lot of its shares.

Under another step, the banking company also decided to increase its authorized capital on the market.

The decision came from the 4th extraordinary general meeting of the bank at the Army Golf Club in the city with Chairman of the Board of Directors of the bank Reshadur Rahman Shahin in the chair.

According to the decision the bank will reduce the face value of each share from TK 100 to TK 10 and the number of the shares under one lot will be 100 against the existing 50. Its authorized capital will be raised to Tk 600 crore from Tk 500 crore.

The meeting was attended, among others, by former chairman of the bank A T M Hayatuzzaman Khan, Director Afroza Abbaz, Rakhi Das Gupta and managing director Khondhaker Fazle Rashid.  

BDST: 1935Hrs. July 4, 2010