Aziz Mohammad Bhai announces plan to buy Tk154cr worth of Olympic shares
At the prevailing price, the proposed acquisition of 1 crore shares would amount to Tk154 crore.
Logo of Olympic Industries. Picture: Collected
Aziz Mohammad Bhai, sponsor director and chairman of Olympic Industries Limited has announced his intention to purchase 1 crore shares of the company through the block market of the Dhaka Stock Exchange (DSE).
In a disclosure published on the DSE website, Aziz Mohammad Bhai said he plans to acquire the shares at the prevailing market price within the next 30 working days.
Following the announcement today (19 February), shares of Olympic Industries rose 1.25% to Tk154 apiece on the Dhaka bourse.
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At the prevailing price, the proposed acquisition of 1 crore shares would amount to Tk154 crore.
Olympic Industries is the country's leading branded biscuit manufacturer.
