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Robi Axiata, unit of Malaysia's biggest telco, surges on debut

Published Thu, Dec 24, 2020 · 09:50 PM
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Dhaka

ROBI Axiata, the Bangladesh unit of Malaysia's biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering (IPO).

The shares rose 50 per cent to 15 taka at 10.12am, according to data on the Dhaka Stock Exchange's website. Robi, a venture between Malaysia's Axiata Group and India…

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KEYWORDS IN THIS ARTICLE

Bangladesh
Telecommunications

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