Fareast Finance & Investment Limited (DSE:FAREASTFIN) agreed to acquire 0.26% stake in Fareast Islami Life Insurance Company Limited (DSE:FAREASTLIF) from Iffat Jahan Alias Obaid and Yasir Obaid on October 2, 2014. Fareast Finance will acquire 0.1 million shares from Iffat Jahan Alias Obaid and 0.05 million shares from Yasir Obaid. Bangladesh Securities & Exchange Commission has approved the transaction.