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8 companies are entering share market soon

According to finance minister AMA Muhith (on Sunday) eight state-owned enterprises are enlisted on the stock markets, would offload more shares by 15-20 days to meet the growing demand of securities on the capital market.
DESCO, Power Grid, Padma Oil, Jamuna Oil, Meghna Petroleum, Titas Gas, Atlas Bangladesh and Bangladesh Shipping Corporation would offload more shares soon.
Shares of these companies are already in the market and are traded on the stock exchanges. Until now these companies have offloaded 20-50 per cent shares, so it will be easy for them to offload more shares directly.
At present, the government owns 75 per cent stakes in DESCO, 76.25 per cent in Power Grid, 70 per cent in Jamuna Oil and Meghna Petroleum each, 75 per cent in Titas Gas, 50.53 per cent in Padma Oil, 51 per cent in Atlas and 87.50 per cent in BSC.
According to Muhith, about 26 companies are going to offload shares in the capital market by December, of which two of the companies had already been enlisted.

Earlier several attempts have been taken to bring government owned companies in the capital market. But a kind of retardation or reluctance was seen among the bureaucrats

It was also known that state-owned mobile phone operator Teletalk would enter the capital market by December. Workers and employees of these 26 companies would get shares too.


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