Lakshmi Vilas Bank (LVB) will dilute 40% equity to raise funds from a share sale to boost its capital and raise lending. The bank will raise funds from selling shares once market conditions improve. The bank has a market value of about 950 crore, which indicates that at current prices it may aim to raise about 350 crore. The bank is not in a hurry to grow its books, given the rising interest rates that are putting pressure on bank margins. The bank is contemplating mortgage lending, but is yet to finalize.crackcrack
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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