Lankan Alliance to issue IPO

Lankan Alliance Finance, a joint venture financial institution licensed by Bangladesh Bank with multinational collaboration, is going to make an initial public offering (IPO) with UCB Investment as the issue manager. 

Tanzim Alamgir, managing director of UCB Investment, and Kanti Kumar Saha, CEO of Lankan Alliance Finance, signed an agreement at the latter's headquarters in Dhaka recently, said a press release.

Jowher Rizvi, chairman of Lankan Alliance Finance, Arif Quadri, managing director of UCB, ATM Tahmiduzzaman, deputy managing director, and Mohammed Rahmat Pasha, managing director of UCB Stock Brokerage, were present.