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Lakshmi Vilas Bank planning to raise Rs 786 crore through rights issue

Lakshmi Vilas Bank is planning to raise Rs 786.87 crore through the rights issue. In this regard, the Capital Raising Committee of the Board of the Bank met and decided that the rights issue to be offered at a price of Rs 122 only per Rights Equity Share (including a premium of Rs 112 only per right equity share) and the full amount is to be paid an application.

The issue of equity shares by way of the rights issue to the eligible shareholders of the Bank, for an amount aggregating up to Rs 786.87 crore. The issue will open on December 12 and end on December 26.

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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