Dhaka, Bangladesh (BBN)- The state-run oil marking firm Meghna Petroleum Limited has purchased additional 20 percent stakes in Salatin Syndicate Limited.

After buying 20 percent or 1000 shares, its holdings stood at 4500 out of total 5000 shares. Four directors of the Salatin hold rest or 500 shares.

Ataur Rahman, deputy secretary of commerce ministry, handed over the share certificate to AHM Samsuddoha, managing director of Meghna Petroleum Ltd, at a ceremony held at the Privatisation Commission (PC) in Dhaka on Wednesday.

PC chairman Mirza Abdul Jalil, Member of the Parliament Mahbub Ara Gini and other high officials from the both organizations were present at the ceremony.

Salatin Syndicate came under the commerce ministry after independence when its original owners left the country. It started its commercial operation since 1963 as private company.

BBN/SSR/AD-21Oct10-12:40 am (BST)