Taufika Foods and Lovello Ice Cream now an A category company

The stock market regulator has upgraded Taufika Foods and Lovello Ice Cream to an A category company as the company has completed giving over 10 per cent dividend.

In a disclosure, Dhaka Stock Exchange (DSE) informed investors that it will be placed to the new category from its existing N category as it reported disbursement of 11 per cent cash dividend for the year ended June 30, 2021.

Bangladesh Securities and Exchange Commission approved the initial public offering to raise a fund of Tk 30 crore in a meeting on October 14, 2020.

Under the fixed price method, Lovello ice cream offloaded three crore ordinary shares.