Corporate DisclosureIFIC
IFIC Corporate Disclosure — 14 July 2021
Announcement summary
- What happened
- IFIC published a corporate disclosure on 14 July 2021. Read the full announcement for details.
- Company
- IFIC Bank PLC
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to withdraw the investment from Nepal by selling the entire shareholding of the Bank held in Nepal Bangladesh Bank Limited as Promoter and to repatriate the fund to Bangladesh. This is subject to execution of an agreement with suitable buyer at a desired price and all necessary approvals from the regulatory authorities in Bangladesh and Nepal.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b000040052fd5
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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