LVB Plans To Increase Rs 350 Crore From 40% Stake Sale

Lakshmi Vilas BankLVB (Lakshmi Vilas Bank ) will dilute a 40per-cent equity to increase cash from a stock sale to enhance its capital and increase lending. The bank will increase funds through selling stocks once market environments increase, said Lakshmi Vilas Bank MD and CEO, PR Somasundaram.

“That means a dilution close to 40percent stake,” mentioned Mr Somasundaram. The bank has a market value of around Rs 950 cr , that implies that at present prices it may aim to increase around Rs 350 cr.

The bank isn’t in a hurry to develop its books, given the increasing rates of interest which are putting pressure on bank-margins.

Be Sociable, Share!
Tags: , , ,

Stock Market Basics For Beginners

SEBI’s Role in an IPO Issue

SEBI’s Role in an IPO Issue Any firm doing a public issue or a listed firm building a rights issue of value of greater than Rs 50 lakh is needed to ...…

Auction Market

Auction Market An auction  market is a good example of buying and selling of financial instruments (stocks) which happens on the floor of the exchange, such as ...…

Role Of Registrar In Issue

Role Of Registrar In Issue Registrar finalize eligible allottes list following eliminating the invalid applications as well as makes sure that the crediting of shares towards the demat-account's of the ...…

Dematerialization Definition

Dematerialization Definition Dematerialization (Meaning) is the procedure through which physical certificates of the trader are usually transformed into an equal quantity of securities in electronic form as ...…

What Is Bear Market?

What Is Bear Market? [ad name="468x15- 5 link"] A bear market is happens when a major index encounters a drop of 20% or higher from the most recent high point. ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics