ACI director plans purchase of 1.6 lakh shares to raise stake
Shusmita Anis, a director of Advanced Chemical Industries (ACI) PLC, has expressed her intention to buy 1,60,000 shares of the company, according to a disclosure published with the stock exchanges today (24 December).
The disclosure stated that she will buy the shares at prevailing market price in the block market through Dhaka Stock Exchange (DSE) within the next 30 working days.
Based on shareholding data up to November, Shusmita currently holds 3,986,946 shares of ACI, representing 4.51% of the company's total shareholding. The planned purchase will further increase her stake in the listed conglomerate.
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ACI shares closed at Tk193.60 each today, down 1.17% from the previous trading session. At that price, the value of the proposed share purchase stands at around Tk3.09 crore.
The disclosure comes amid a series of share acquisitions by ACI's sponsors and directors in recent months. Anis Ud Dowla, chairman of ACI, has also announced his intention to buy 360,000 shares of the company, further strengthening his holding.
In October, Anis Ud Dowla had purchased 500,000 shares of ACI. According to the latest shareholding report, he currently owns about 1.97 crore shares, equivalent to a 22.31% stake in the company.
ACI has recently shown signs of financial improvement. For the financial year ended 30 June 2025, the company reported a sharp reduction in losses. Its consolidated loss per share declined to Tk7.40, an improvement of nearly 53% from Tk15.88 in the previous fiscal year.
Reflecting the improved performance, the board of directors has recommended a 25% cash dividend for shareholders for FY25.
