The managing director of ACI Ltd., Arif Dowla, has again revealed plans to buy more shares in the listed conglomerate, reflecting confidence, though the stock price is still to respond in kind.
Yesterday (10 February), in a reveal on the Dhaka Stock Exchange website, Managing Director Arif Dowla said at the prevalent market price he would buy 25 lakh shares within the next 30 working days.
On Sunday, around Tk 38 crore, which is the trade cost, per share stood at Tk 151.60 at the end of trade.
Last month he had bought 6 lakh shares. Also, Chairman M. Anis Ud Dowla and Director Shusmita Anis had followed suit.
M. Anis Ud Dowla acquired 16 lakh shares, increasing his total shareholding to 1.69 crore shares. ACI’s total is 8.76 crore impressive shares, which is 19.33 percent.
At that moment, Shusmita Anis bought 15.15 lakh shares, raising her investments to 29.90 lakh shares, or the company’s overall shares are 3.41 percent.
By company secretary Mohammad Mostafizur Rahman signed a report in a disclosure, ACI’s shareholding structure, and as of December 2024, he announced that the directors jointly held 36.23 percent of the company’s shares.
In June 2024, as the fiscal year ended, the company declared a 35 percent separation, in cash 20 percent and in stock 15 percent.
The previous year, in February to be definite, ACI’s share price peaked at Tk 192.30.As of the fiscal year 2022-23, the company has been enduring losses.
Source: The Daily Star
