Mahalaxmi Bikas Bank Opens Sale of Promoter Shares to Investors

Mahalaxmi Bikas Bank Limited has announced that it is putting its promoter shares up for sale, allowing investors outside the original promoter group to purchase these shares. The bank issued an official notice today informing the public that promoter shares held by existing shareholders are now available for sale.

The exact number of promoter shares being offered has not been disclosed yet. However, the bank has opened the application process to any interested individual or company willing to invest.

Investors wishing to buy the promoter shares must submit their application within 7 days of the notice publication. Applications are to be submitted directly to the bank’s central office on Durbar Marg, Kathmandu.

This move provides an opportunity for wider public participation in Mahalaxmi Bikas Bank’s ownership, potentially increasing the bank’s shareholder base and liquidity in its shares.