Lakshmi Vilas Bank has decided on the issue of rights shares to its existing members.
The bank’s board today approved issue of five equity shares for every six shares held at Rs 50 a share (including premium of Rs 40).
This old private bank has sought to raise Rs 505 cr through the rights issue from its existing shareholders.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.