Dhaka, Feb. 11 -- Prime Bank Investment Limited (PBIL) successfully completed two significant Merger & Acquisition (M&A) of listed concerns for Magura Group, solidifying its position as a leading investment bank in Bangladesh.

Pearl Paper and Board Mills Limited (Transferor) merged with Bangladesh Monospool Paper Manufacturing Co Ltd (Transferee & Listed Concern), while Magura Paper Mills Limited (Transferor) merged with Paper Processing & Packaging Limited (Transferee & Listed Concern), according to a media release.

Both mergers received approval from the High Court Division of the Supreme Court of Bangladesh on November 27, 2023, and subsequently received consent from the Bangladesh Securities & Exchange Commission (BSEC) on January 3...