Bangladesh, Oct. 26 -- GPH Ispat has deferred its proposed Tk 9.68 billion rights share issue, citing prevailing capital market conditions and the interests of the company and its general shareholders.

The company's board of directors reviewed the proposal at a meeting on Saturday and decided to put the planned share issuance on hold. The decision was subsequently placed before shareholders at the company's 20th Annual General Meeting (AGM) on Sunday, where the proposal was also deferred.

In a disclosure, the company said the decision was taken after due consideration of the prevailing capital market conditions and the interests of the company and its general shareholders.

No revised timeline has been announced for the proposed share ...