National Tea advised issuing fresh primary shares to increase paid-up capital  | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 16, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 16, 2025
National Tea advised issuing fresh primary shares to increase paid-up capital 

Stocks

Salah Uddin Mahmud
21 June, 2022, 10:05 pm
Last modified: 21 June, 2022, 10:49 pm

Related News

  • Regulators, National Tea board served legal notice by shareholders
  • National Tea placement subscription extended for one-month
  • National Tea placement share subscription resumes after year-long halt
  • Alhaj Textile board reconstruction, National Tea fresh share issuance cleared 
  • National Tea's paid-up capital raising procedure stayed

National Tea advised issuing fresh primary shares to increase paid-up capital 

Salah Uddin Mahmud
21 June, 2022, 10:05 pm
Last modified: 21 June, 2022, 10:49 pm

The stock market regulator has suggested National Tea Company issue fresh primary shares – known as Repeat Public Offering (RPO) – to increase its paid-up capital to comply with regulatory requirements – instead of issuing the right shares.

The Bangladesh Securities and Exchange Commission (BSEC) came up with the advice this week in response to an application the company had filed earlier seeking permission to issue the right shares.

Incorporated in 1978 and listed on the capital market in 1979, National Tea Company Limited carries on the business of plantation, cultivation, manufacturing, and selling of tea and rubber in Bangladesh.

The annual average production of the company is about 5.2 million kg and its major portion is sold through the Chattogram auction market.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

An official of the BSEC, seeking anonymity, said the company had sought regulatory exemptions so that it can issue rights shares to increase its paid-up capital. But the commission did not give an exemption in this regard.

In 2000, National Tea started selling tea in the local market on a small scale through its dealers. It has a sales centre at its registered office, which is open to all consumers.

There are about 12,500 permanent labourers in the company's 12 tea estates. Most of them are from ethnic groups. They stay in the gardens with their dependents.

The company has been generating profits from 2000 to 2019. But the state-owned firm suffered losses over the last two years due to the Covid-19 pandemic.

In the July-December period of 2021, the net profit of the company was Tk5.72 crore, up from Tk1.59 crore a year earlier.

But it again suffered losses in the January-March quarter of 2022. In this period, the company incurred a loss of Tk26.26 crore due to an increase in the cost of goods sold.

As of 30 June 2021, the short-term loan of the company was Tk137.18 crore, while the long-term loan was Tk63.32 crore.

As of 31 May 2022, sponsors and directors jointly held 48.60%, the government 4.33%, institutions 8.55%, and the general public 38.52% shares in the company.

The last trading share price of the company on the Dhaka Stock Exchange was Tk671.10 per share on Sunday.

The tea estates are Patrakhola, Kurmah, Champarai, Madanmohanpur, Madabpur, Jagadishpur, Teliapara, Chundeecherra, and Lackatoorah.

Following a government decision three other tea estates namely Parkul, Premnagar and Bejoya were also taken over by the company in 1982.

The company has to provide food grain at a subsidised rate and free medical facilities for the labourers and their dependents along with free housing facilities.

Top News

National Tea

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BNP gears up for polls — preps ongoing from grassroots to top brass 
    BNP gears up for polls — preps ongoing from grassroots to top brass 
  • Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
    Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
  • Representational image of school children. File photo: Collected
    Govt issues urgent guidelines to educational institutes to curb Covid, dengue spread

MOST VIEWED

  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Merger of 5 Islamic banks at final stage: BB governor
  • Infograph: TBS
    Why 10 economic zones, including BGMEA's garment park, were cancelled

Related News

  • Regulators, National Tea board served legal notice by shareholders
  • National Tea placement subscription extended for one-month
  • National Tea placement share subscription resumes after year-long halt
  • Alhaj Textile board reconstruction, National Tea fresh share issuance cleared 
  • National Tea's paid-up capital raising procedure stayed

Features

Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

7h | Panorama
Photos: Collected

Kurtis that make a great office wear

2d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

4d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

5d | Features

More Videos from TBS

Macron to visit Greenland after Trump's annexation threat

Macron to visit Greenland after Trump's annexation threat

3h | TBS World
Important facilities including Natanz damaged in Israeli attack

Important facilities including Natanz damaged in Israeli attack

3h | Others
Iran's gas production from South Pars halted after Israeli attack

Iran's gas production from South Pars halted after Israeli attack

4h | TBS World
Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

4h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net