Bangladesh Tobacco Company. a subsidiary of British-American Tobacco (BAT), has decided to change Its name, subject to regulator's clearance.

An extra-ordinary general meeting of the company yesterday approved the change to British American Tobacco Bangladesh Company Ltd.

The change in nomenclature requires the approval of Registrar of Joint Stock Companies, following which a formal announcement would be made, a company source said.

Now acronymed as BTC, the company is now looking for a one that should be as communicative as the present one. The company management is not willing to call it BATBC as the new name suggests.

BAT holds roughly 66 per cent in the Bangladesh subsidiary. while Investment Corporation of Bangladesh has about 28 per cent stake. The rest is held by the government of Bangladesh. Shadharan Blma Corporation (2.9 per cent). Bangladesh Shilpa Rin Sang-stha. Sena Kalyan Sangstha. and individual shareholders (0.8 per cent).