The Company has informed that the Board of Directors of the Company has decided to set up a wholly-owned subsidiary Company of IDLC Finance Limited for establishing an Asset Management Company (AMC) and decided to apply to Bangladesh Bank, BSEC and other regulatory bodies for their approvals, with the following key features: Name of the Company: IDLC Asset Management Limited, Authorized Capital: Tk. 25.00 crore, Paid up capital: Tk. 6.00 crore, Nature of the entity: Private Limited Company, a wholly-owned subsidiary of IDLC Finance Limited.