Lakshmi Vilas Bank has informed that a meeting of the Committee of Directors for Capital Raising of the Bank (the Committee) will be held on December 31, 2016 to consider and approve the closure of the QIP; to approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the Equity Shares to be allotted to qualified institutional buyers pursuant to the QIP; and to approve and adopt the placement document in connection with the QIP.
The above information is a part of company’s filings submitted to BSE.
