19% of Muktinath Bikas Bank promoter share get converted into public share

ShareSansar, May 28:

Nepal Stock Exchange Limited (Nepse) has decided to covert 19 percent of promoter shares of Muktinath Bikas Bank Limited (MNBBL).

As per the  notice published on NEPSE today, Nepal Stock Exchange has decided to convert 8,38,635 units promoter shares of Muktinath Bikas Bank Ltd. making the promoter public share ratio of the company 51:49.

With this promoter to public proportion of MNBBL now stands at 51: 49 effective from today.

Muktinath Bikas Bank Limited had posted net profit of Rs. 160.41 million in its 3rd quarter company analysis of the fiscal year 2071/72.