the clix group

Lakshmi Vilas Bank “substantially completes” due diligence for proposed merger with Clix Group

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Lakshmi Vilas Bank “substantially completes” due diligence for proposed merger with Clix Group

Kolkata: Lakshmi Vilas Bank said it “substantially completed” the due diligence for its proposed merger with the Clix Group, even as the extended deadline for the completion of the process ended Tuesday, and said that the two parties would continue to discuss the future course of action. This leaves doubts on whether the fate of … Read more

Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limit

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Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limit

NEW DELHI: Shares of Lakshmi Vilas Bank (LVB) rose nearly 5 per cent in Monday’s trade after the bank said it would raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding limit to up to 74 per cent. The bank said it would seek approval for the proposals from its … Read more