Trading of Janata Bank resumes today after merger with Triveni Bikas Bank; price adjusted to Rs 346
Thu, May 18, 2017 11:09 AM on Latest, Featured, Stock Market,
Trading of Janata Bank Nepal Limited (JBNL) is resuming from today (Jestha 4, 2074) in Nepal Stock Exchange (NEPSE). It will continue trading with the stock symbol "JBNL".
As per the notice published in NEPSE today, the trading of JBNL has been resumed after its successful merger with Triveni Bikas Bank Limited. Janata Bank had started joint operation after merger with share swap ratio of 1:1 from Chaitra 25, 2073. JBNL’s stock price has also been adjusted to Rs 346 from Rs 387 for its 12% bonus shares.
Janata Bank had earned net profit of Rs 38.18 crore in the third quarter of the FY 2073/74. It is also under process of acquiring Siddhartha Development Bank Limited.
Janata Bank had earned net profit of Rs 38.18 crore in the third quarter of the FY 2073/74. It is also under process of acquiring Siddhartha Development Bank Limited.
