Lakshmi Vilas Bank has received an approval for issue of equity shares by way of Rights Issue to the eligible shareholders of the Bank, for an amount aggregating up to Rs 786.87 crore. The Capital Raising Committee of the Board of the Bank at its meeting held on November 24, 2017 has approved for the same.
The Rights Issue will be offered at a price of Rs 122 only per Rights Equity share (including a premium of Rs 112 only per right equity share) and the full amount is to be paid on application. The total number of rights equity shares to be issued: 6,44,97,155 equity shares.
Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.
