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Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday

On September 29, Business Standard had reported that Clix Capital would seek indemnity for its directors from litigation if the merger were to go through

Topics
Lakshmi Vilas Bank | Clix Capital | Lakshmi Vilas Bank crisis

Hamsini Karthik  |  Mumbai 



Lakshmi Vilas Bank
With LVB presently not having an exclusive agreement with Clix on the merger, sources say the bank does not have more time for deliberations.

Capital-starved (LVB) is expected to decide on the proposed merger with and its affiliates on November 7, when its board would meet to declare the September quarter results. “Both parties are keen on merger, though they differ on valuation,” said a person closely working on the merger.

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First Published: Fri, November 06 2020. 06:05 IST

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