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Shareholders of Lakshmi Vilas Bank divided on merger with Clix group

Some large investors are uncomfortable with Clix group's proposal to take up to 90% stake in the bank

Topics
Lakshmi Vilas Bank | Clix Capital

Hamsini Karthik & Surajeet Das Gupta  |  Mumbai/New Delhi 



Lakshmi Vilas Bank
Among the prominent corporates, SREI Infrastructure Finance and Capri Global hold 3.34 per cent and 3.93 per cent, respectively, in LVB

The board of directors at capital-starved (LVB) are set to meet on Thursday to firm up on a rights issue amounting to up to Rs 1,000 crore. Deliberations on the proposed merger with Clix Group may also be an agenda, according to highly placed sources.

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First Published: Wed, October 14 2020. 20:36 IST

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