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Lakshmi Vilas Bank to raise Rs 780.64 crore through right issue

04 Jan 2018 Evaluate

Lakshmi Vilas Bank has received an approval for allotment of 6,39,87,006 equity shares of Rs 10 each at a price of Rs 122 per equity share aggregating to Rs 780.64 crore issued on a rights basis. The capital raising committee of the Bank at its meeting held on January 3, 2018 has approved for the same.

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.

Peers
Company Name CMP
HDFC Bank 711.60
ICICI Bank 1382.00
Axis Bank 1236.90
Kotak Mahindra Bank 442.60
Indusind Bank 864.95
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