Rak Ceramics (Bd) Ltd Introduced Ipo Under ?Book Building Method’ First Time In Bangladesh
Rak Ceramics (Bd) Ltd Introduced Ipo Under ‘Book Building Method’ First Time In Bangladesh. The Securities and Exchange Commission, the market regulator, gave the green light to RAK at a meeting on Wednesday, officials said. The tiles and sanitary-ware maker will float three crore ordinary shares worth Tk 10 each in face value under the book-building method. An indicative price for each RAK share has already been built at Tk 40 through bidding by seven institutions from four sectors. Now in the price discovery phase, bidders cannot quote 20 percent more or less than the indicative price, meaning they will have to offer between Tk 32 and Tk 48 for each share. Fixing the indicative price is required to obtain regulatory approval. Prime Bank, Southeast Bank and IFIC Bank joined the indicative price bidding from the banking sector. Prime Finance and LankaBangla Finance participated in it as non-bank financial institutions, Mercantile Insurance as an insurance sector company and Royal Green Securities as a brokerage house.
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Higher Education in the 21st. Century Bangladesh
Introduction:
The UNESCO World Conference on Higher Education, held in Paris in 1998, recognized quite emphatically the importance of education and particularlyly higher education for sustainable endogenous development, for democracy and peace, for strengthening defense of peace as one of the human values, and for the respect and protection of human rights and fundamental freedom. The far reaching changes now taking place in the world and the entry of human values into a society based on knowledge and information, reveal how overwhelmingly important education and higher education are.( UNESCO 2001, p.1). A renewal of higher education is essential for the whole society to be able to face up to the challenges of the twenty-first century and to ensure its intellectual independence. Quality higher education needs to be restored to create and advance knowledge, educate and train responsible, enlightened citizens and qualified specialists, without whom no nation can progress economically, socially, culturally or politically.