BB approves higher value of EOS shares

Shasha Denims, a listed company, had announced to buy 80 percent stakes of EOS Textile Mills a few months ago when Bangladesh Bank approved the shares valued at Tk 110.68 crore.

Now, the central bank has revised the value up to Tk 121.07 crore following requests from both parties. 

The BB has also approved the agreement aimed at transferring the shares and repatriating the proceeds from the sales in favour of EOS Textile’s non-resident shareholders.