Govt to offload 8.5pc shares in IFIC Bank soon
Star Business Report
The government is set to offload a portion of its stake in International Finance Investment and Commerce (IFIC) Bank Ltd in the stock exchanges very soon, according to sources.Out of its 34 percent holdings or more than 14 lakh shares, the government will offload around 1.2 lakh or around 8.5 percent shares through ICB Securities Trading Company Ltd. The decision came lately as part of the government's plan to offload its stake in different organisations in the stock market. However, the authorities are yet to fix exact date to start the process. Concern ministry will ask the IFIC bank to transfer its paper shares into electronic ones through Central Depository Bangladesh Ltd, sources said. Dematerialisation of IFIC shares will make it easier for the ICB to sell the government stakes.
| 
