ICB, Shanta Holdings sold 8.32 lakh ACI shares in April

Business Desk :

The Investment Corporation of Bangladesh (ICB) and Shanta Holdings Limited sold a combined total of 832,000 shares of ACI PLC from their respective stakes in April, according to ACI’s monthly shareholding disclosure for the month.

Of the total, ICB offloaded 5.47 lakh shares, while Shanta Holdings sold 2.84 lakh shares. Both entities are major stakeholders in ACI, and following these sales, ICB’s stake decreased to 9.01 per cent from 9.64 per cent, and Shanta Holdings’ stake dropped to 5.05 per cent from 5.37 per cent.

Market insiders described the move as part of a broader strategic adjustment by the two institutions. In January, both ICB and Shanta received a significant number of ACI shares through a stock dividend issued for the previous fiscal year.

Interestingly, in March, ICB had increased its stake in ACI by acquiring 29 lakh shares, reflecting dynamic changes in its investment strategy.

Meanwhile, in April, Arif Dowla, managing director of ACI PLC, increased his stake by acquiring 14 lakh shares at the prevailing market price through the block market of the Dhaka Stock Exchange (DSE).