Salman to buy 10 lakh shares in dual companies

A pass unite of dual companies yesterday voiced a devise to buy 5 lakh shares in each. The squeeze falls in line with a regulatory gauge to sponsors to reason a smallest of 2 percent interest in one’s own firm.

In a posting upon a Dhaka Stock Exchange website, Salman F Rahman, unite executive as good as emissary authority of Beximco Group, spoken his goal to buy 5 lakh shares of a association during a existent marketplace cost in thirty operative days.

Rahman, additionally unite executive as good as vice-chairman of Beximco Pharmaceuticals, intends to buy an additional 5 lakh shares of a organisation during a stream marketplace cost in thirty operative days by a batch exchange, according to a DSE web posting.

He is a initial unite executive to come up with a stipulation of shopping shares from a delegate marketplace after a regulator upon Nov twenty-two finished it imperative for sponsors, directors as good as promoters of a listed firms to have during slightest 2 percent interest in their own firm.

The Securities as good as Exchange Commission, by a notification, additionally finished it mandatory for a sponsors, directors as good as promoters of a listed association to mutually reason during slightest thirty percent stake.

The SEC additionally asked a sponsors, directors as good as promoters, who away have reduction than 2 percent interest as good as mutually reduction than thirty percent, to take a required bonds inside of 6 months of distribution of a notification.

According to a DSE website, sponsors as good as directors of Beximco Group mutually reason 13.25 percent stake, whilst ubiquitous investors reason 76.45 as good as unfamiliar investors a rest 10.30 percent.

Sponsors as good as directors of Beximco Pharmaceuticals reason 12.97 percent shares, ubiquitous investors 52.80 percent, foreigners 23.02 percent as good as institutional investors 11.21 percent.

According to DSE statistics, there have been a little 50 listed firms with sponsors as good as directors mutually carrying reduction than thirty percent stakes.

Individually a little even have reduction than 1 percent stake.

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