IFAD Autos to invest Tk 80 crore in IFAD Multiproducts

IFAD Autos, the official dealer of Ashok Leyland in Bangladesh has decided to diversify its business in the FMCG segment by investing Tk 80 crore in its sister concern company. The company is set to acquire 40% equity of IFAD Multi products upon final approval from the shareholders.

The reason for the investment is to ride the growing consumer goods sector in Bangladesh. The company will invest the amount from its own internal fund.