IIDFC to raise syndicated loan for Pran Group
Industrial and Infrastructure Development Finance Company Ltd (IIDFC) will raise syndicated loan in local currency for Pran Export Ltd and RFL Plastics Ltd.A memorandum of understanding (MoU) to this effect was signed between the two organisations on Thursday in Dhaka, says a press release. Amjad Khan Chowdhury, chief executive of Pran Group, and Mahmood Malik, managing director of IIDFC, signed the MoU on behalf of their organisations. IIDFC will raise the syndicated loan, which will be utilised for installation of a new food processing concern and also for expansion of existing plastic product manufacturing project.
|
Amjad Khan Chowdhury, chief executive of Pran Group, and Mahmood Malik, managing director of Industrial and Infrastructure Development Finance Company (IIDFC) Ltd, sign a memorandum of understanding (MoU) on Thursday in Dhaka. Under the MoU, IIDFC will raise syndicated loan facilities for Pran Exports Ltd and RFL Plastics Ltd. Md Eleash Mridha, executive director of Pran Group, M Matiul Islam, IIDFC chairman, Proshanta K Halder, IIDFC vice-president, and K Shafiqur Rahman, head of Structured Finance of IIDFC, among others, were present at the signing ceremony. Photo: Pran Group |
