AION-backed Clix offers to buy stakes in troubled LVB

The market capitalisation of Lakshmi Vilas Bank (LVB) was Rs 515 crore at Monday’s stock price of Rs 15.3 apiece on the bourses. The stock was locked in the upper circuit. The board of directors of LVB met on Monday and gave its go ahead for the offer from Clix.

from Banking/Finance-Industry-Economic Times https://ift.tt/2YCa06R