LVB board to meet on October 15 to consider rights issue

NEW DELHI: Cash-strapped Lakshmi Vilas Bank (LVB) on Monday said its board will meet later this week to consider issuance of shares on rights basis to existing shareholders. “A meeting of the board will be held Thursday, October 15, 2020 to consider and approve the issue of securities of the bank to existing shareholders of … Read more

Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 14

KOLKATA: Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 14. The previous deadline is expiring on Friday. Auditors of the bank, meanwhile, have cast doubts on whether the bank can continue as a going concern … Read more