Two directors of Taufika Foods and Lovello Ice-cream have announced plans to purchase shares worth around Tk 1.63 crore from the public market through the Dhaka Stock Exchange (DSE) by April 30 this year.

 Muhsinina Taufika Ekram, a director of the company, expressed her intention to buy 100,000 shares at the prevailing market price, according to a disclosure published on the DSE website yesterday.

 Based on the closing price of Tk 81.5 per share on April 27, the total value of her intended purchase would be approximately Tk 81.5 lakh.

 Similarly, Muhsinina Sharika Ekram, another director, has announced her plan to buy 100,000 shares under the same conditions, bringing the combined value of the purchases to an estimated Tk 1.63 crore.

 As of March 31, sponsors and directors jointly held 40.05 percent of the shares of Taufika Foods and Lovello Ice-cream, while institutional investors owned 21.38 percent and the public 38.57 percent, DSE data shows.

 Shares of the company declined 0.12 percent to close at Tk 81.4 on the DSE.

 Taufika Foods and Lovello Ice-cream, which markets its products under the Lovello brand, was incorporated as a private limited company on August 7, 2011, and its Lovello ice-cream was commercially launched in 2016.

 The company's corporate office is located in Banani, Dhaka, while its factory is situated in Bhaluka upazila of Mymensingh, as per its website.