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Lakshmi Vilas plans to raise 350 cr from 40% stake sale

07 Feb 2011 Evaluate

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

Lakshmi Vilas Bank Share Price

7.65 0.00 (0.00%)
25-Nov-2020 18:57 View Price Chart
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