Dhaka, Bangladesh (BBN)-The board of directors of BRAC Bank has decided to further acquire 14,040,000 shares of BRAC EPL Investments at BDT 10 each amounting to BDT 140.4 million, said an official disclosure on Tuesday.
BRAC Bank will acquire the BRAC EPL’s said shares subject to the approval of the relevant regulatory bodies--- Bangladesh Bank and Bangladesh Securities and Exchange Commission, said the disclosure.
BRAC Bank was listed on the Dhaka bourse in 2007.
The bank belongs to the “A” category.
The sponsor-directors own 49.92 per cent stake in the BRAC Bank, while institutional investors own 7.08 per cent, foreign investors 35.85 per cent and the general public 7.15 per cent as on March 31, 2016.
The company’s paid-up capital is BDT 7,104.37 million and authorised capital is BDT 12,000 million, while total number of securities is 710,436,910, according to statistics from the DSE.
Monday’s closing price of each BRAC Bank share was BDT 44.90.
BBN/SK/AD