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Lakshmi Vilas Bank raises Rs 459 crore via QIP

Press Trust of India  |  New Delhi 

Saturday said it has raised Rs 459.59 crore through qualified institutions placement (QIP).

The Chennai-headquartered lender said it has raised funds at the rate of Rs 72 per share.

"This fund raising via will help the in strengthening its capital base and will enable to further raise tier II capital," said in a statement.

The closed on March 15, 2019.

Market Ltd acted as the book running to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 16 2019. 18:30 IST