Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights offer of BRAC Bank Limited for 221,652,288 ordinary shares of Tk. 10.00 each issuing at Tk. 20.00 each, including a premium of Tk. 10.00 per share, totaling Tk. 4,433,045,760.00 at a ratio of 1R:2, i.e. one Rights share for two existing shares. The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.