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Lakshmi Vilas Bank Raises $25 Million Through Share Sale

The bank raised Rs 168 crore (USD 25 million) through share sale.

Reuters

Updated:January 2, 2017, 11:04 AM IST
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Lakshmi Vilas Bank Raises $25 Million Through Share Sale
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Mumbai: The shares of Lakshmi Vilas Bank rose as much as 1.1 per cent on Monday.

The bank said it has issued about 12 million shares at 140 rupees per share, a discount of nearly 1 percent to Friday's close.

The bank raised Rs 168 crore (USD 25 million) through share sale.

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