Mahalaxmi Bikas Bank Invites Applications for Purchase of Promoter Shares

3rd September 2026, Kathmandu

Mahalaxmi Bikas Bank Limited, a national-level Class B development bank licensed by Nepal Rastra Bank, has officially opened the sale of promoter shares to interested individual and institutional investors following the expiration of the priority offering period for existing shareholders.

Mahalaxmi Bank Promoter Shares

Prior Regulatory Process and Share Offering Background

Shareholder Application: Existing promoter shareholders submitted applications to the bank expressing intent to sell promoter equity held under their ownership.

Board Decision and First Notice: Pursuant to the Board of Directors decision on Ashadh 26 2083 BS, a 35-day priority notice was published in the Arthik Abhiyan daily newspaper on Ashadh 32 2083 BS targeting existing promoter shareholders.

Offering Reallocation: Because no existing promoter shareholders submitted purchase applications during the initial 35-day window, the bank has transitioned the offering to external individual and corporate entities.

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Application Procedure and Regulatory Compliance

NRB Compliance Framework: The public offering complies with Point 15 b of Directive No. 10 082 under the Unified Directive 2082 as amended by Nepal Rastra Bank.

Submission Office: Interested applicants must submit formal application forms and required supporting documents directly to the Central Office of Mahalaxmi Bikas Bank Limited located in Darbar Marg, Kathmandu.

Application Deadline: Applications must be received within 35 days from the publication date of the notice.

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