Banking News – Mahalaxmi Development Bank Limited has put its founder shares up for sale starting Thursday.

The bank said the shares belong to the founder group and that existing founder shareholders will be given first priority to purchase them.

Interested founder shareholders can submit their applications to the bank’s head office within 35 days from the date of publication of the notice.

The bank stated that the sale process is being carried out in accordance with the applicable regulatory provisions governing the transfer of founder shares.