Clix eyes 45% stake in Lakshmi Vilas Bank
The Lakshmi Vilas Bank’s board has decided to consider for further processing the preliminary and non-binding offer from Clix Capital and Clix Finance in its meeting on Monday
With Lakshmi Vilas Bank’s capital adequacy ratio shrinking to 3%, it has been in talks with institutional investors and funds to raise equity
Lakshmi Vilas Bank Ltd has received a non-binding offer from Pramod Bhasin-promoted Clix Capital Services Pvt. Ltd and Clix Finance India Pvt. Ltd to buy a 45% stake in the troubled private lender, two people familiar with the matter said. Clix will infuse nearly ₹2,300 crore into the bank, resulting in the amalgamation, they said.