Rupali Life Ins to change in denomination of share

Dhaka, Bangladesh (BBN)– The 2nd extraordinary general meeting (EGM) of Rupali Life Insurance Company Ltd gave nod to the proposed change in denomination of share of the company from BDT 100 to BDT 10, keeping the market lot 50 shares unchanged.

The meeting, held in the city Monday with company’s Chairman Mahfuzur Rahman in the chair, also approved the rise in authorized capital of the company from BDT 100 million to BDT 1.0 billion.

BBN/SI/AD-05Jan11-9:50 am (BST) 

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