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Our Bureau

Mumbai , Sept.15

Lakshmi Vilas Bank Ltd has proposed a rights issue of 1.96 crore equity shares to raise Rs 98.36 crore, as per a draft letter of offer filed with the SEBI on Friday.

The draft offer proposes to issue 1,96,71,439 equity shares of Rs 10 each at a premium of Rs 40 per share (i.e. at a price of Rs 50 per share) aggregating Rs 98.36 crore in a rights issue on a 1:1 ratio.

The lead manager to the issue is SBI Capital Markets Ltd while the registrar to the issue is Integrated Enterprises (India) Ltd.

More Stories on : Stocks | Rights Issue | Private Banks

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