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

Hamsini Karthik & Surajeet Das Gupta | Mumbai/New Delhi
Last Updated at September 28, 2020 23:06 IST

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

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

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