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 ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
Iran’s Industrial Management Institute released on Sunday the...
Apple Releases New Bug Fix
Apple has released iOS 11.2.6, which includes a bug fix for...
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
Tehran Stock Exchange’s main index lost 152.17 points or 0.15...

Add new comment

Read our comment policy before posting your viewpoints