Mahalaxmi Bikas Bank is going to convert founder share into ordinary share

Mahalaxmi Bikas Bank is going to convert the founder share into ordinary share. The bank has taken forward the necessary process to maintain the share ratio of 52.49 for the founder and 47.51 for the general group to 51:49.

If the shareholders in the founding group do not want to convert the shares into another group, they will have to submit a self-declaration statement in writing.Those who do not wish to convert the founding shares in their name into ordinary shares will have to submit the details to the central office of the bank within 35 days from the date of publication of the notice.
Published Date : January 18, 2021


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