Janata Bank share price hits circuit; Rumor of merger with Machhapuchhre

ShareSansar September 17: Shares of Janata Bank Limited (JBNL) has been the top traded share of today. JBNL increased by 10 percent and as a result faced circuit break today. A total number of 1, 25,736 units of JBNL were traded. Opening at a price of Rs 325 today, the shares of JBNL soared up to Rs 357. The total transaction amount stood at Rs 4.32 crore. According to the source privy with the matter, “The price of JBNL scrips surged due to the rumor of its merger with Machhapuchhre BanK Limited (MBL). As per the floor sheet data of today, Broker number 48 (Trisakti Securities Private Limited) has bought a total number of 80,558 stocks of JBNL. The broker number 48 alone bought shares worth of 2.97 crore of JNBL ! SharesSansar could not reach officials from JBNL and Trisakti Securities Private Limited for a comment on this issue.