Ibn Sina to invest Tk 10 crore in subsidiary firm

The Ibn Sina Pharmaceutical is going to invest Tk 10 crore in its subsidiary the Ibn Sina API Industry Ltd as part of its capital investment in order to purchase capital machineries, the company said today.

The drug maker is going to purchase a total of 42.5 decimal land in Chattogram and Barishal to set up sales depots.

The purchase price of the land will be Tk 5.58 crore excluding registration fee and other additional expenses, according to the company.

The Ibn Sina shared the information in two separate disclosures on the website of the Dhaka Stock Exchange (DSE).

Shares of Ibn Sina closed unchanged at Tk 286.6 on the DSE today.