Lakshmi Vilas Bank to consider QIP closure and issue price

On 31 December 2016

Lakshmi Vilas Bank announced that a meeting of the Committee of Directors for Capital Raising of the Bank (the Committee) will be held on 31 December 2016 to inter alia consider the following resolutions:

a. To approve the closure of the QIP;

b. To approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the Equity Shares to be allotted to qualified institutional buyers pursuant to the QIP; and

c. To approve and adopt the placement document in connection with the QIP.

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