Cut-off price of ADN set at Tk 30 | The Daily Star
12:01 AM, November 09, 2018 / LAST MODIFIED: 12:13 AM, November 09, 2018

Cut-off price of ADN set at Tk 30

Institutional investors yesterday set the price through bidding to purchase each share of ADN Telecom at Tk 30. They will purchase 35.62 crore shares of the telecom service provider. General investors will buy 21.37 crore shares at Tk 27 each. ADN will use the proceeds of the initial public offering for infrastructure development, construction of data centre and bank loan repayments.

 

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