Trust Bank to buy 2.21 crore shares of Trust Axiata Digital
Trust Bank Limited (TBL) has decided to buy 2.21 crore ordinary shares of Trust Axiata Digital Ltd from Axiata Digital Services Sdn Bhd.
The board of the bank made the decision, according to a disclosure on the Dhaka Stock Exchange today. The price of each share will be Tk 10.
Of the shares, 2,20,49,990 will be purchased in the name of TBL while 10 shares will be in the name of TBL Managing Director and Chief Executive Officer Humaira Azam.
By purchasing these shares, Trust Bank will take 100 percent control over the management of Trust Axiata Digital Ltd, the filing said.