The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has decided to close the IPO quota facility of three merchant banks due to violation of the rules. The decision was taken at the 73rd meeting of the BSEC on Wednesday (February 24).

The information was revealed in a press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim.r

It is learned that BSEC has decided to discontinue the initial public offering (IPO) quota facility for violation of rules by Bengal Investments Limited, CAPM Advisory Limited and PLFS Investments Limited (Merchant Bankers).

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