Board of Lakshmi Vilas Bank approves issuance of shares under QIP

At meeting held on 25 July 2017

Lakshmi Vilas Bank announced that the Board of Directors of the Company at its meeting held on 25 July 2017 has approved issuance of upto 5,00,00,000 equity shares of Rs. 10 each of the Bank, as approved by the shareholders at the AGM, to qualified institutional buyers through a qualified institutional placement ('QIP').

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