Lion Kallol Limited announced that it will raise BDT 2,504 million in an equity funding on October 30, 2023. The transaction will include participation from returning investor, Lion Corporation. The transaction has been approved by the board of directors of the company.

The company's registered capital will increase from BDT 570 million to BDT 3,074 million. The company's first tranche is to be made in December, 2023 for BDT 800 million and thereafter a total of four payments are scheduled to be made until around December, 2025.