The Company has informed that the Board of Directors has decided to transfer 35,716,831 shares of IDLC Finance Ltd. to its subsidiaries at the prevailing market price on the transaction date subject to obtaining approval of Bangladesh Bank, BSEC and other Regulatory Authorities. After obtaining approval from Regulatory bodies, 24,885,352 shares will be transferred to City Bank Capital Resources Ltd. and 10,831,479 no. of shares will be transferred to City Brokerage Ltd.(cont. 1)