Best Holdings, which has diversified interests ranging from agro-business to infrastructure development, hospitality to advertising, is 70.4 per cent owned by individuals and private entities. State-run banks Sonali, Janata, Agrani and Rupali collectively own 29.6 per cent of Best Holdings, which is used as the basis for seeking the special treatment. Best Holdings was due to get the green light at the 983rd meeting of the board of directors of the DSEon Thursday. Subsequently, the issue of direct listing of Best Holdingswas dropped from the agenda of the board meeting yesterday, an independent director of the bourse told Dhaka Tribune. RACE Portfolio and Issue Management Company and ICB Capital Management are the issue managers for the direct listing.

Source: Dhaka Tribune December 17, 2020 19:07 UTC