Wednesday, 21 February, 2018, 9:19 PM
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People Insurance appoints new MD

Published : Thursday, 15 February, 2018 at 12:00 AM Count : 164
Business Desk

Board of Directors of Peoples Insurance Company Ltd has appointed Shiv Shankar Saha as the Managing Director and Chief Executive Officer of the Company. The Insurance Development and Regulatory Authority (IDRA) has approved his appointment on February 07, 2018.
Mercantile Bank postpones
of board meeting
Due to unavoidable circumstances, Mercantile Bank Ltd Board of Directors postponed the board meeting of the company to be held today (Thursday) at 3:00 pm. New date and time of the meeting will be notified later on.
The board members will consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
Co Bonus Shares Credited
UPGDCL: United Power Generation and  Distribution Company Ltd. has credited the bonus shares for its shareholders for the year that concluded on June 30, 2017 to their respective beneficiary owners (BO) accounts on Wednesday, 14 February, 2018.
Buy Intention of co shares
ACTIVEFINE: Md. Afzal, one of the Sponsors Directors of Active Fine Chemicals Ltd (ACTIVEFINE) will buy 43,500 shares of the company at prevailing market price through stock exchange within 30 working days.
Credit Rating
OIMEX: National Credit Ratings Ltd. (NCR) has assigned the entity rating of Oimex Electrode Ltd (OIMEX) as ''BBB'' in the long term and ''ST-3'' in the short term along with a developing outlook based on audited financial statements of the Company as on June 30, 2017.
SAIHAMTEX: National Credit Ratings Ltd. (NCR) has assigned the Surveillance Entity Rating of Saiham Textile Mills Ltd (SAIHAMTEX) as ''AA-'' in the long term and ''ST-2'' in the short term along with a stable outlook based on audited financial statements of the Company as on June 30, 2017.    Source: DSE/CSE



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