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Lakshmi Vilas Bank gets nod for allotment of shares to Indiabulls Housing Finance

16 Apr 2019 Evaluate

Lakshmi Vilas Bank has received approval for allotment of around 1.68 crore equity shares of face value of Rs 10 each, at a price to be the higher of the price determined and arrived at in the manner as set out in the Securities and Exchange Board of India and the price determined for the purpose of the proposed scheme of amalgamation between Indiabulls Housing Finance and the Bank, to Indiabulls Housing Finance on a preferential basis. The Board of Directors of the Company at its meeting held on April 12, 2019 has approved 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 784.20
ICICI Bank 1566.00
Axis Bank 1314.00
Kotak Mahindra Bank 480.00
Indusind Bank 902.00
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