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Lakshmi Vilas Bank zooms on getting non-binding merger offer from Clix Group

09 Oct 2020 Evaluate

The Lakshmi Vilas Bank is currently trading at Rs. 19.10, up by 1.30 points or 7.30% from its previous closing of Rs. 17.80 on the BSE.

The scrip opened at Rs. 19.05 and has touched a high and low of Rs. 20.65 and Rs. 19.00 respectively. So far 734360 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.65 on 10-Oct-2019 and a 52 week low of Rs. 10.45 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 20.65 and Rs. 15.65 respectively. The current market cap of the company is Rs. 663.33 crore.

The promoters holding in the company stood at 6.80%, while Institutions and Non-Institutions held 17.27% and 75.75% respectively.

Lakshmi Vilas Bank has received a non-binding offer from Aion-backed non-banking finance firm Clix Group for a merger. The Clix Group is backed by the private equity major Aion Capital.

The old-generation Chennai-based private sector bank, which has been on the lookout for an investor and capital for long, was jolted on September 25 when its shareholders voted out seven directors of its board, including CEO S Sundar and promoters K R Pradeep and N Saiprasad.

Following this, the Reserve Bank of India (RBI) appointed a three-member team to run the bank under Meeta Makhan as chairperson and Shakti Sinha and Satish Kumar Kalra as members.

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.

Lakshmi Vilas Bank Share Price

7.65 0.00 (0.00%)
25-Nov-2020 18:57 View Price Chart
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