1.63% Stake in Bank Mellat  Up for Grabs
Economy, Business And Markets

1.63% Stake in Bank Mellat Up for Grabs

An institutional stakeholder in Bank Mellat is scheduled to offer a 1.63% stake in the bank in a block sale on Wednesday. Mehr 78 Group, which also owns 3.4% and 2.3% stakes in Tejarat and Saderat banks, will sell 683.9 million of “BMLT” shares on Tehran Stock Exchange priced at 1,230 rials per share, Bourse Press reported. With a market capitalization of $1.07 billion, Bank Mellat’s shares were last traded for 953 rials each. The bank’s earnings per share and P/E ratio stood at 133 rials and 7.17 respectively on Monday.

Short URL : https://goo.gl/fJK2WF
  1. https://goo.gl/amT8op
  • https://goo.gl/QQpket
  • https://goo.gl/fPPaVh
  • https://goo.gl/Qkx1Jv
  • https://goo.gl/r5g6Bb

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Fate of Cryptocurrency in Iran Hangs in Balance
Virtual currencies are slowly but steadily gaining traction...
IRISL Returns to the Fold of Int’l Shipping Giants
The Islamic Republic of Iran Shipping Lines plans to replace...
Dairy Exports to Hit $1b
Iran is one of the top milk producers and has ambitious plans...
1st Currency ETF  in the Pipeline
The Iranian capital market’s first foreign currency exchange-...
Money and Credit Council Approves Liquidity Risk Management Rules
Money and Credit Council, a top financial decision-making body...
84% Rise in Rice Imports
More than 1.05 million tons of semi and wholly milled rice...
Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.