Square Pharma director to buy shares worth Tk 383.4 million
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A director of Square Pharmaceuticals, one of the country’s leading listed pharmaceutical manufacturers, has announced plans to purchase 1.75 million shares of the company. Based on the current market price, the shares are worth more than Tk 383.4 million.
The director, Ratna Patra, announced the share purchase, according to information from the Dhaka Stock Exchange (DSE).
According to DSE data, Ratna Patra will purchase a total of 1.75 million shares of Square Pharmaceuticals. At the company’s latest market price of Tk 219.10 per share, the total market value of the shares stands at Tk 383.425 million.
According to the announcement, she will complete the purchase within the next 30 working days through the block market and public market of the Dhaka Stock Exchange.
Announcements of large share purchases by directors of listed companies are considered important information for stock market investors. In particular, such announcements can generate market interest in a company’s future prospects and the director’s investment position.
However, the actual purchase value will depend on the market price at the time of the transactions. Therefore, the figure of Tk 383.4 million represents the estimated value based on the current market price and not the final investment amount.
