2.25 Lakh units of promoter shares converted to ordinary shares of Bhargav Bikas Bank; promoter public shareholding ratio stands at 51:49

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the conversion of promoter shares of Bhargav Bikas Bank Limited (BHBL).

As per the notice published, 225,720 units promoter shares of Bhargav Bikas Bank Limited has been converted to ordinary shares making the promoter to public share ratio of the company 51:49.

The development bank has registered 68.91% increase in net profit in the fourth quarter of the fiscal year 2075/76. Its net profit has increased to Rs.6.69 Crore in fourth quarter from Rs.3.96 Crore in the corresponding quarter of the fiscal year 2074/75.

Currently, BHBL is in acquisition process by Shine Resunga Development Bank Limited.