Thursday, February 29, 2024
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ACI Motors to receive FDI

Last Thursday, the board of directors of ACI Motors, a subsidiary of ACI Limited, approved the foreign investment. It is learned that 23 lakh 33 thousand 334 non-cumulative preference shares will be issued for this foreign investment. In this case, with a face value of 100 Taka and a premium of 440 Taka, the price of each share stands at 540 Taka. ACI’s board has approved the draft shareholder agreement and share subscription agreement. The shares will be issued in favour of Bangladesh Managed Account CV, a joint venture between Netherlands-based FMO and Singapore-based SDI PTE Limited. The sale of shares will be used to grow the business and increase the existing production capacity of ACI Motors.



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