InvestorQ : Is it true that Lakshmi Vilas Bank has a found a buyer for its shares?
Lavanya Subramanian made post

Is it true that Lakshmi Vilas Bank has a found a buyer for its shares?

Answer
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ishika Banerjee answered.
8 months ago


Shares of Lakshmi Vilas Bank (LVB) were locked in 10% upper circuit .7th Feb after there were reports that among the suitors to buy a stake in LVB were big names like DBS Bank, Capri Global and Indostar Capital Finance. LVB has been starved for capital for quite some time now and has been looking for suitor investors to pump in money into the bank on an urgent basis. Apparently, these bids have already submitted a list of potential investors to the Reserve Bank of India (RBI). However, LVB has denied reports of any such interest.