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Lakshmi Vilas Bank board approves merger with Indiabulls Housing Finance

For every share held, the shareholders of the private-sector bank would be entitled to get 0.14 share in Indiabulls

Agencies 

lakshmi vilas bank
Lakshmi Vilas bank

said on Friday its board has approved a share swap acquisition by housing finance firm

For every share held, the shareholders of the private-sector bank would be entitled to get 0.14 share in Indiabulls, said in a statement.

shares were locked at 5 per cent upper circuit, at Rs 92.75, for the second straight day, in intra-day trade on the BSE after reports of a with

Shares of were up 2 per cent to Rs 916, gaining 9 per cent in the past three trading days. In comparison, the benchmark index was up 0.40 per cent at 38,840 points.

The announcement was made after stock market closing on Friday.

First Published: Fri, April 05 2019. 17:53 IST
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