Machhapuchchhre & Janata Bank trading resumes from today at Rs 466 and 375 respectively

Trading of Machhapuchchhre Bank Limited (MBL) and Janata Bank Limited (JBNL) Limited has resumed in Nepal Stock Exchange Limited (NEPSE) from today (Ashad 27, 2073). The BoD meeting of Nepal Rastra Bank (NRB) held on Ashad 24, 2073 (Friday) had given permission to both the banks to call off the merger. Machhapuchchhre Bank Limited (MBL) and Janata Bank Nepal Limited (JBNL) went into a merger on September, 2015 and the trading of scrips of both the banks was at halt since then. Machhapuchchhre Bank has paid up capital of Rs 3.33 arba. The bank has earned net profit of Rs 62.42 crore in the third quarter of the fiscal year 2072/73.Likewise Janata Bank has paid up capital of Rs 2.06 arba and it has earned a net profit of Rs 22.66 crore in Q3 of the FY 2072/73. 173 buy orders have been placed for 3,92, 280 units share  at Rs 475 of Machhapuchchhre Bank after trading resumed.Similarly, 89 buy orders have been placed for 1,22, 140 units share of JBNL . The last trading price of MBL and JNBL stands at Rs. 540 and Rs 375 respectively as on September 22, 2015. Adjusted price for MBL is Rs.466 for 16% of Bonus Share of FY 71/72.