Breaking News

You are here » Indian-Commodity  :  Corporate  :  Lakshmi Vilas Bank to raise Rs 1,256 crore through various instruments

20-Jul2017

Lakshmi Vilas Bank to raise Rs 1,256 crore through various instruments

Lakshmi Vilas Bank plans to raise over Rs 1,250 crore through various instruments. The bank will tap both domestic and global markets for the funding. The decision was taken at the bank's annual general meeting held on July 18, 2017.

The private sector bank will issue 5 crore equity shares. Of the total amount of Rs 1,256 crore, it will raise Rs 250 crore by floating long-term infrastructure bonds in one or more tranches in domestic or overseas markets within a year.

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.



Related News

View all news

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......

USFDA completes audit at Dr. Reddy's subsidiary in Hyderabad

USFDA has completed audit of R&D facility of Aurigene Discovery Technologies, a wholly owned subsidiary of Dr. Reddy's Laboratories, situated at Miyapur, Hyderabad. No FDA 483 was issued at the......

SpiceJet reports passenger load factor of 94% in February

SpiceJet has reported the Passenger Load Factor (PLF) of 94.0% during the month of February 2019. The company had reported PLF of 90.9% during the month of January 2019.The PLF is a key indicator of the......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......