MoneyWorks4Me

IIFL’s arm acquires stake in Lakshmi Vilas Bank

06 Jun 2018 Evaluate

India Infoline Financial services’ (IIFL) subsidiary -- India Infoline Investment Services has brought over 4% stake in Lakshmi Vilas Bank for Rs 106 crore, through open market. The company has acquired 1.06 crore shares, up to 4.13% stake, in the Bank. The shares were bought at a price of Rs 100.10, valuing the transaction at Rs 105.93 crore.

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
View more..