Power Grid Company | VDB

Bangladesh Keyword: Power Grid Company

Summary of “Power Grid to Issue Shares for Accounting Adjustment of Long-Held Govt Investment,” Babul Barman, The Financial Express, 15 June 2023

July 4, 2023

https://vdb-loi.com/bd_publications/summary-of-power-grid-to-issue-shares-for-accounting-adjustment-of-long-held-govt-investment-babul-barman-the-financial-express-15-june-2023/

To partially comply with a three-year-old directive from the Financial Reporting Council (“FRC”), the state-run electricity transmission and distribution service provider, Power Grid Company, has chosen to issue shares using government funds. In 2020, the FRC directed state-run companies to convert share money deposits into paid-up capital as such funds were piling up in huge […]