The Bangladesh Securities and Exchange Commission has rejected Baraka Power Limited's application aimed at issuing a Tk 150 crore fully redeemable non-convertible zero-coupon bond.

When the stock market goes through a bearish trend, the regulator usually prods institutional investors, mostly unofficially, to pour money to revive it and some of them respond positively.  

Bangladesh Securities and Exchange Commission did not allow any listed company to raise funds through rights offers last year as it followed a go-slow policy in giving approvals.