4,98,019.06 Promoter Shares of Mahalaxmi Bikas Bank Limited (MLBL) Converted; What's the New Shareholding Ratio?

4,98,019.06 units promoter shares of Mahalaxmi Bikas Bank Limited (MLBL) are now converted to ordinary shares. With this, the new shareholding ratio of the company has now become 51: 49.

The bank’s profit has increased from Rs 42.85 crore in the fourth quarter of the fiscal year 2076/77 to Rs 73.29 crore in the fourth quarter of the fiscal year 2077/78. The net interest income of the bank has increased by 1.50% to Rs 1.56 Arba from Rs 1.54 Arba of the corresponding quarter.

The bank’s paid-up capital stands at Rs 3.34 Arba with Rs 2.16 Arba as its reserve and surplus. The EPS of the bank stands at Rs 21.93. The net worth per share stands at Rs 164.75. The company traded at a P/E ratio of 20.29 times.

As of writing, the company's LTP stands at Rs. 518.