IDLC Investments to act as issue manager for IPO of NDE
BI Report || BusinessInsider
Rizwan Mustafiz, managing director of NDE, and Md Moniruzzaman, managing director of IDLC Investments, exchange documents after signing an agreement in Dhaka recently. Photo: Courtesy
IDLC Investments Limited will act as the issue manager for the initial public offering (IPO) of National Development Engineers Ltd (NDE).
To this effect, NDE has recently signed an agreement with IDLC Investments in Dhaka, said a press release.
Rizwan Mustafiz, managing director of NDE, and Md Moniruzzaman, managing director of IDLC Investments, signed the agreement on behalf of their respective companies.
Imran Mustafiz, chairman of NDE, Rubayet-E-Ferdous, chief operating officer of IDLC Investments and other high officials of NDE and IDLC were also present on the occasion.
NDE is a prominent name in the construction industry of Bangladesh having over four decades of experience with a proven track record. The company is mainly engaged in the construction of power plants, buildings, industrial structures, airports, roads & bridges and so forth. NDE has so far successfully completed more than 500 various multidiscipline projects since its inception.
