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Jamuna Bank to buy land worth TK 137.50cr

Jamuna Bank

One of the listed companie of Bangladesh Jamuna Bank Ltd’s have decided to buy a 110 katha land at Dumni, Khilkhet area in Dhaka, according to a regulatory filing by the bank at the Dhaka Stock Exchange (DSE).

The land to be bought from China Bangla Agro Feeds that would cost the bank Tk 137.5 crore without registration and other related expenses.

However, the purchase plan is subject to obtaining necessary approval from the relevant regulators, said the bank.

Jamuna Bank shares having a face value of Tk10 were stuck at the floor price of Tk 21.3 apiece on the DSE on Thursday.

In the first nine months of 2022 the bank reported consolidated earnings per share of Tk 4.06, which was Tk 3.87 over the same period of the previous year.

At the end of September, Jamuna Bank’s consolidated net asset value per share stood at Tk28.93.

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