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Lakshmi Vilas Bank planning to raise Rs 188.16 crore

23 Apr 2019 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 710.35
ICICI Bank 1379.85
Axis Bank 1236.20
Kotak Mahindra Bank 441.40
Indusind Bank 865.15
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