Lakshmi Vilas Bank to rope in large marquee investors apart from Clix

Lender's loss before tax narrowed down to Rs 233.14 crore during the quarter ended March 2020 from Rs 499.96 crore, during the same period last year

Private sector lender Lakshmi Vilas Bank (LVB) on Friday said it was talking to investors other than Clix Group. 

Last month, LVB signed an LoI with Clix Group for the proposed amalgamation of Clix Capital Service and Clix  Finance India into the bank. After the merger, the entire shareholders’ fund of Clix Capital of around  Rs 1,900 crore and assets of around Rs 4,600 crore, will get amalgamated into the bank.  

“In addition to the proposal from Clix Group, the bank’s advisors, we look for few large marquee long term investors as  well in mutual consultation,” said the bank’s management. "Therefore, as