Meghna Life directors to buy 6 lakh shares | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Thursday
September 21, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
THURSDAY, SEPTEMBER 21, 2023
Meghna Life directors to buy 6 lakh shares

Stocks

TBS Report
15 September, 2020, 10:05 pm
Last modified: 15 September, 2020, 10:07 pm

Related News

  • Hasan mourns death of cultural personality Syed Salahuddin Zaki
  • Legacy Footwear issues new shares at 11x lower rate than market price
  • Crystal Insurance’s shares soar unusually 
  • Walton’s sponsor director to offload 25,000 shares
  • National Tea’s share subscription awaits HC clearance

Meghna Life directors to buy 6 lakh shares

They will do this through the block market of the stock exchanges within 30 days

TBS Report
15 September, 2020, 10:05 pm
Last modified: 15 September, 2020, 10:07 pm
File Photo: TBS
File Photo: TBS

Three directors of Meghna Life Insurance Company Limited will buy its 6 lakh shares worth Tk3.78 crore. 

They will do this through the block market of the stock exchanges within 30 days.

Among the company directors, Sharmin Nasir and Dilruba Sharmin will buy 1 lakh shares each.

Also, Karnaphuli Insurance Company Limited, one of the corporate directors of Meghna Life, will buy 4 lakh shares.

They will buy the shares at the current market price.

The closing price of each share of Meghna Life on Tuesday was Tk63 at the Dhaka Stock Exchange, while its highest price was Tk64.80 within the last 12 months.

In the first half of this year, Meghna Life's life revenue grew by Tk28.19 crore, taking its total life insurance fund to Tk1,762.59 crore.

The revenue fell by Tk10.30 crore to Tk1,676.43 crore in the same period of the previous year.

In the second quarter of 2020, the company's life revenue rose by Tk17.39 crore, bringing its total life insurance fund to Tk1,808.16 crore.

The revenue dropped by Tk29.99 crore to Tk1,716.73 crore in the same period of the previous year.

The company paid a 20% cash dividend to its shareholders for the last financial year ending on December 31, 2019.

Meghna Life was listed on the stock exchanges in 2005 and its paid-up capital is Tk33.52 crore.

Sponsors and directors jointly hold 24.73% stake in the company, institutional investors 34.20% and general investors 41.07%.

Also, Rupali Life Insurance Company Limited's sponsor Abdullah Jamil Matin has expressed his intention to buy its 22,000 shares at the prevailing market price.  

Economy / Top News

Meghna Life / Director / Share

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

  • State Minister for Foreign Affairs Md Shahriar Alam. File Photo: UNB
    EU decision to not send polls-time full team of observers won't impact next JS polls: Shahriar
  • US Embassy Spokesperson Bryan Schiller speaks with reporters on Thursday (21 September). Photo: UNB
    US delegation to arrive in Dhaka on 7 October for pre-election assessment
  • Photo: UNB
    EU decision not to send observers proves country has no atmosphere for fair election: Mirza Fakhrul

MOST VIEWED

  • Quasem Silk gets BSEC nod to transfer ownership
    Quasem Silk gets BSEC nod to transfer ownership
  • Representational image. Photo: TBS
    DSEX edges down amid profit-booking
  • Yeakin Polymer's stake transfer incomplete even after 16 months of BSEC approval
    Yeakin Polymer's stake transfer incomplete even after 16 months of BSEC approval
  • Krishibid Seed sees 24% lower profit in FY23
    Krishibid Seed sees 24% lower profit in FY23
  • Stock image of Dhaka Stock Exchange. Photo: Mumit M
    Stocks mixed, insurance rules gainers' list
  • Unique Hotel and Resorts Ltd, owner of The Westin Dhaka, posted a staggering 92% year-on-year growth in its earnings per share (EPS) in the fiscal 2022-23. Photo: Mumit M
    Unique Hotel's profit soars 92% riding on capital gain

Related News

  • Hasan mourns death of cultural personality Syed Salahuddin Zaki
  • Legacy Footwear issues new shares at 11x lower rate than market price
  • Crystal Insurance’s shares soar unusually 
  • Walton’s sponsor director to offload 25,000 shares
  • National Tea’s share subscription awaits HC clearance

Features

Mountain gorillas are vulnerable species, only found in the willderness. Photo: Muntasir Akash

Against all odds: My encounters with mountain gorillas in Rwanda

4h | Earth
Photo: Saqlain Rizve

The quiet afterglow of Dhaka's overhead water tanks

9h | Panorama
Photo: Shovy Zibran

Maachh-bhaat for the soul: How Mariam nourishes hearts on the streets of Dhaka

1d | Panorama
Team Bored Tunnelers is a cross-institutional team consisting of six board members: (from let to right) Talha Zubair, Shaekh Mohammad Shithil, Fahin Uddin, Imran Khan, Shahriar Iqbal Mahim and Sibly Noman. Photo: Courtesy

Meet the Bangladesh team in Elon Musk's Not-a-Boring Competition finals

1d | Pursuit

More Videos from TBS

The need for a circular economy in Bangladesh

The need for a circular economy in Bangladesh

28m | TBS Face to Face
Bank deposits increased by Tk 74,000 crore in April-June

Bank deposits increased by Tk 74,000 crore in April-June

4h | TBS Economy
Truefitt & Hill Bangladesh: From Buckingham Palace to Gulshan

Truefitt & Hill Bangladesh: From Buckingham Palace to Gulshan

5h | TBS Stories
Iran's disabled painter Fatemeh finally meets Cristiano Ronaldo

Iran's disabled painter Fatemeh finally meets Cristiano Ronaldo

6h | TBS SPORTS
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
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 - [email protected]

For advertisement- [email protected]