Only Tk 310 crore has been deposited in the Capital Market Stabilization Fund

ShareBarta24.com: Companies listed in the Capital Market Stabilization Fund for Capital Market Stability have so far deposited Tk 310 crore. The companies will be able to deposit money in the fund till September 15.

This information has been known from the sources of the commission. Earlier, the BSEC had paid bonuses and cash dividends to the companies by August 31. But the companies asked for another 15 days and they were given that time.

It is learned that till today (September 08) 243 companies have submitted their accounts. There are 60 more companies left. According to the regulator’s documents, it has been confirmed that out of the cash dividend, bonus shares worth Tk 3,038.15 crore have been received so far. All of the companies have not yet finished accounting.

A senior BSEC official thinks that the fund size of the undistributed dividend could be between Rs 5,000 crore and Rs 6,000 crore in the end if the accounts come from all the companies.

Earlier, on October 25, the BSEC had calculated that bonus shares worth Tk 14,000 crore would be available. And the expectation of getting cash was equal to 21 thousand crore rupees. At that time, only 691,702 undistributed bonus shares of the British American Tobacco Company were found.

The company has since issued two bonus shares against one share. As per this, the number of shares is supposed to be 26 crore 63 lakh 32 thousand 406. But only 39 lakh 6 thousand 612 have been submitted.

According to the company, the shareholders have been informed that they are entitled to the company after giving a notification to inform the company if anyone receives the undistributed bonus dividend and cash.

The same thing happened with Square Pharma. As per the list on October 25, 2 crore 92 lakh 8 thousand 982 shares are expected to come in the fund. None came. According to Square, after they gave the notice, the shareholders came and made their demands and after verification, they were handed over to the owners. Thus, almost all the companies are getting less money and shares than the initial account.

A senior BSEC official, speaking on condition of anonymity, said: After giving a letter to the companies in this regard, after they clarified many issues, we hope that about 5 to 6 thousand crore rupees can be deposited in this fund.


Source: Share Barta 24 by www.sharebarta24.com.

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