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Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal

It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank

Topics
Clix Capital | Lakshmi Vilas Bank | Economic Offences Wing

Hamsini Karthik & Surajeet Das Gupta  |  Mumbai/New Delhi 



Lakshmi Vilas Bank
Clix Capital is being advised by EY on the merger, while Deloitte has the mandate from LVB.

and its affiliates, in talks with beleaguered (LVB) for an amalgamation, may seek some regulatory dispensations for the deal to crystalise.

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First Published: Mon, September 28 2020. 19:46 IST

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