Lakshmi Vilas Bank planning to raise Rs 188.16 crore
23rd Apr 2019

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.