Lakshmi Vilas Bank to allot near 5% shares to Indiabulls Housing Finance1 min read . Updated: 15 Apr 2019, 08:50 PM IST
- The board of LVB has approved the merger with IBHL in which shareholders of the bank will get 14 shares of IBHL for every 100 shares they hold
- The combined entity, with employee strength of 14,302, will have a loan book size of ₹1.23 lakh crore for the first nine month period of 2018-19
NEW DELHI : Lakshmi Vilas Bank (LVB) on Monday said it plans to allot nearly 5 per cent equity shares on a preferential basis to Indiabulls Housing Finance Ltd.
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