DHAKA: The Securities and Exchange Commission (SEC), regulator of the capital market, Wednesday approved the right share of Bay Leasing and Investment Limited.

The SEC at a meeting gave the approval allowing the shareholders to get a right share against a general share.

Bay Leasing will increase its authorised capital with the money from right share, SEC’s Executive Director and spokesman Anwarul Kabir Bhuiyan said.

At present, the number of general share of the company is 30, 60, 000. Now the total share would be 61, 20, 000 after the approval.

BDST: 2004 HRS. 04 AUGUST, 2010