Lakshmi Vilas Bank is planning to raise Rs 188.16 crore by allotting 4.99 percent of its shares at Rs 112 apiece on a preferential basis to Indiabulls Housing Finance.
Earlier, the private sector lender had announced its merger with Indiabulls Housing Finance (IBHL) in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.
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.
