Board decision to purchase shares of Sharika Foods & Amandala Limited

The company has informed that the Board of Directors of the company has approved a proposal to purchase shares equal to 50% of the paid-up capital of Sharika Foods & Amandala Limited. The company wants to purchase 5 lakh shares @Tk. 10 each which is equal to 50% of the current paid-up capital of Sharika Foods & Amandala Limited. The acquisition cost of purchasing 5 lakh shares is Tk. 50,00,000.00 which will be funded from the earnings of the company. he company will implement the decision to purchase the said amount of shares of Sharika Foods & Amandala Limited after obtaining the consent of the shareholders of the upcoming 13th Annual General Meeting (AGM)