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Dhaka Tribune

City Bank Capital inks agreement with Deshbandhu Sugar Mills

Deshbandhu Sugar Mills is in operation for more than eight decades and it is considered a pioneer in the sugar industry in South Asia

Update : 28 Sep 2022, 05:57 PM

Deshbandhu Sugar Mills, a concern of Deshabandhu Group has decided to go public and appointed City Bank Capital to act as issue manager and corporate advisor for the planned initial public offering (IPO).

City Bank Capital, one of the leading investment banks in the country has signed an agreement with Deshbandhu Sugar Mills to provide issue management and corporate advisory services for the forthcoming IPO under the fixed price method at City Bank Capital's head office in Tejgaon, Dhaka on Tuesday, reads a press release. 

Managing Director of City Bank Capital Ershad Hossain and Managing Director of Deshbandhu Sugar Mills Golam Rahman signed an agreement in this regard on behalf of their respective organisations.

Other top officials of the respective organizations were present in the program.

Deshbandhu Sugar Mills is in operation for more than eight decades and it is considered a pioneer in the sugar industry in South Asia. It is the only member of the Refined Sugar Association (RSA), London from Bangladesh.


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