 "So far in the financial year 2020-21, the bank's stock price has surged 86 per cent till Tuesday")
Shares of Lakshmi Vilas Bank zoomed 10 per cent to hit an intra-day high of Rs 22.35 per share after the bank said the mutual due diligence process between the lender and Clix Group was nearly complete.
"The mutual due diligence is substantially complete, and the parties are in discussions on the next steps," the lender informed the exchanges.
The Bank had, in June this year, signed preliminary, non-binding letter of intent with Clix Capital Services Private Limited and Clix Finance India Private Limited, collectively known as the Clix Group, in relation to the proposed amalgamation of Clix Group
