National Tea advised issuing fresh primary shares to increase paid-up capital  | The Business Standard
Skip to main content
  • Latest
  • 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

Tuesday
June 10, 2025

Sign In
Subscribe
  • Latest
  • 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
TUESDAY, JUNE 10, 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

  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • Donald Trump. Photo: Reuters
    Trump defends sending National Guard to LA as California governor to sue administration
  • California Governor Gavin Newsom. File Photo: REUTERS/Fred Greaves
    California Governor Newsom to sue Trump over National Guard deployment amid LA protests

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • A photo showing the former president on his return to Dhaka today (9 June). 
Source: Collected
    Former president Abdul Hamid returns to Bangladesh from Thailand
  • File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar
    Dhaka: The city we never want to return to, but always do
  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • Inside the aid ship stormed by Israeli forces on 9 June 2025. Photo: BBC
    Israeli forces stormed aid boat carrying Greta Thunberg bound for Gaza: Freedom Flotilla Coalition
  • Enhanced surveillance at Ctg airport amid rising global Covid-19 cases
    Enhanced surveillance at Ctg airport amid rising global Covid-19 cases

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

File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

22h | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

2d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

5d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

5d | Panorama

More Videos from TBS

US and China to meet in London for trade talks

US and China to meet in London for trade talks

10h | TBS World
The forbidden point on Cox's Bazar beach is like a death trap

The forbidden point on Cox's Bazar beach is like a death trap

13h | TBS Today
Israeli forces seize Gaza aid boat carrying Greta Thunberg

Israeli forces seize Gaza aid boat carrying Greta Thunberg

15h | TBS World
Which way will the anti-immigration campaign in Los Angeles turn?

Which way will the anti-immigration campaign in Los Angeles turn?

15h | TBS World
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