Price discovery of Mobil Jamuna Lubricants

Bidding of MJL Ltd. will take place from 07 November 2010 at 11L00 AM to 10 November 2010 at 4:00 PM round the clock. Period for depositing bid money will be from 02 November 2010 to 10 November 2010.

The size of the public offer is of 40,000,000 ordinary shares of Tk 10/- each. Indicative price for the issue in Tk. 127/- per share including a premium of 117/- per share. Price band for bidding will be 20% upward or downward band of indicative price (e.e. Tk. 101.60 to 152.40).

Prime finance & investment ltd is the issue manager and Grameen capital management ltd is the registrar to the issue.

Source:Own Correspondence,