ICB Capital Management and Agrani Equity and Investment are working as the issue managers of the company for its IPO process.Īs per the stock market regulator's decision, institutional investors with a minimum of Tk1 crore investment in stocks can subscribe to the shares of the company through the ESS.īesides, institutional investors of recognised pension funds and provident funds with a minimum of Tk50 lakh investment in stocks will also be able to subscribe to the shares in the same way. It has no subsidiary and does not belong to a holding company. The company has more than 76 branches and service centres across the country. The authorised capital of Sonali Life Insurance, which was incorporated on 7 July 2013, is Tk100 crore.Ĭurrently, its paid-up capital is Tk28.5 crore and post-IPO paid-up capital will be Tk47.5 crore. Send us feedback.According to the company's audited financial report for the year that ended on 31 December 2019, its net asset value per share was Tk25.47, excluding revaluation, and life insurance fund stood at Tk95.33 crore. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'pro rata.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 2022 The reasonable compensation issue plays a role in the QBI computation because S corporation shareholders are allocated a pro rata share of the S corporation’s QBI and such amount is determined after the deduction of reasonable compensation.ĭaniel Mayo, Forbes, 15 Apr. Jesse Wright, Chicago Tribune, 1 July 2022 Under the plan, Kellogg shareholders would receive shares in the two spinoff companies on a pro rata basis relative to their Kellogg holdings.ĭeena Shanker, Fortune, 21 June 2022 Each participant contributes low-tax-cost-basis shares in exchange for a pro rata interest in the fund.īruce Brumberg, Forbes, 2 June 2022 All home-operating costs-property management, maintenance and landscaping, utilities, taxes and repairs-are passed along directly to owners transparently with no markup, all divvied up pro rata.
Joe Cornell, Forbes, 24 June 2022 Conference guidelines require two-thirds of a congregation must approve to disaffiliate, pay a pro rata share of the conference’s pension liability and possibly pay to purchase its property. 2022 Shareholders would receive shares in the two spinoff entities on a pro rata basis relative to their Kellogg holdings at the record date for each spin-off. 2022 The spin-off is expected to be effected through the distribution of Knife River stock to MDU Resources shareholders on a pro rata basis. 28, that would confirm that the plant also met annual and seasonal limits for the last several months, calculated on a pro rata basis, Apperson said.Ĭhristine Condon, Baltimore Sun, 26 Sep. Recent Examples on the Web Now, state environmental officials are waiting on a report from the city, due Sept. Incidentally, the familiar noun and verb rate (as in "tax rates" and "rating on a scale of 1 to 5") also trace back to Latin prō ratā parte, but they entered the language back in the 15th century by way of Anglo-French. In the early 19th century, pro rata demonstrated its usefulness as an adjective, as in "a pro rata share" or "pro rata distribution." The verb prorate (based on pro rata) followed soon thereafter. There pro rata refers to distributing or allocating a quantity proportionately-for example, dividing up an annual interest rate pro rata into monthly rates distributing pro rata a profit amongst shareholders paying part-time employees pro rata (according to full-time pay) or allocating liability for a defective product pro rata. The Latin phrase prō ratā, meaning "in proportion," is a shortening of prō ratā parte/portiōne, meaning "according to the fixed proportion." English users borrowed the shorter phrase in the 16th century, dropping the diacritics along the way, and began applying the term in contexts formal enough that Latin doesn't seem too out of place: in finance and law.
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