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23-Apr2019

Lakshmi Vilas Bank rises on planning to raise Rs 188.16 crore

The Lakshmi Vilas Bank is currently trading at Rs. 80.80, up by 1.25 points or 1.57% from its previous closing of Rs. 79.55 on the BSE.

The scrip opened at Rs. 81.95 and has touched a high and low of Rs. 82.00 and Rs. 79.85 respectively. So far 52065 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.75 on 21-Jun-2018 and a 52 week low of Rs. 54.80 on 25-Feb-2019.

Last one week high and low of the scrip stood at Rs. 87.65 and Rs. 79.20 respectively. The current market cap of the company is Rs. 2600.81 crore.

The promoters holding in the company stood at 7.11%, while Institutions and Non-Institutions held 19.86% and 72.87% respectively.

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.


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