ACI chairman to extend his holding by buying shares worth Tk24cr
He will buy shares through the block market within 30 days
ACI Limited Chairman Anis Ud Dowla has announced his intention to purchase 16 lakh shares of the company.
According to a filing on the Dhaka Stock Exchange (DSE) on Sunday (26 January), the shares will be acquired through the block market within the next 30 days.
On the day of the announcement, ACI shares closed at Tk147.60 each on the country's premier bourse. At this price, the purchase would amount to approximately Tk24.16 crore.
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As per the December shareholding report, Anis Ud Dowla currently holds 1.53 crore shares, representing 20.07% of ACI Limited's total shares.
In a related development, Shusmita Anis, a director of ACI, disclosed that she recently purchased 15.15 lakh shares of the company. Similarly, Arif Dowla, managing director of ACI Limited, acquired six lakh shares of the company last week.
Following these transactions, the combined holdings of the company's sponsors and directors are expected to increase by 4.23%, reaching 40.46% of ACI Limited's total paid-up shares.
Meanwhile, in November, ACI reported that its consolidated losses jumped by 168% to Tk42 crore during the July-September period, the first quarter of the current fiscal year.
According to its unaudited financial statement, its consolidated revenue fell by over 2% to Tk2,971 crore compared to the same period in FY24.
At the end of the September quarter of FY25, its consolidated loss per share stood at Tk5.54, up from Tk 2.07 a year ago.
The company paid a 20% cash and 15% stock dividend to its shareholders for the fiscal year 2023-24. During the year, it incurred a loss of Tk139.46 crore, which was 182% higher than the previous year's losses.
