Lakshmi Vilas Bank Limited has raised Rs 167.8 crore through Qualified Institutional Placement.
The equity shares were priced at Rs 140 (including premium of Rs 130 per equity share).
The issue opened on December 28, 2016 and was closed on December 31, 2016. Centrum Capital Limited was the lead manager and Khaitan & Co - the legal advisor to the QIP.
This QIP, according to a release is the first for the bank in its 90-year history