Confidence Power and Energy PLC wants to raise Tk 400 crore
from the stock market through an initial public offering (IPO). To this end,
the company has applied to the Dhaka Stock Exchange (DSE) for approval to
launch an IPO under the book building method. A major portion of the proceeds
will be invested in two proposed solar power projects. The company also plans
to use the funds to partially repay existing loans and cover IPO related
expenses, according to relevant sources.
According to...
