Moneycontrol Presented by Motilal Oswal
Days hours minutes
Nerolac
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance
Indiabulls
DHFL

Co-Presenting Sponsor

Capital Trade

Powered by

Godrej

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
Jan 01, 2014 04:40 PM IST | Source: Moneycontrol.com

Lakshmi Vilas Bank up 6% as board to meet for rights issue

The board of directors of Lakshmi Vilas Bank will consider issue of shares on rights basis on Friday.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Moneycontrol Bureau


Shares of Lakshmi Vilas Bank rallied as much as 5.6 percent intraday on Wednesday as the board will consider rights issue on Friday.


"A meeting of the board of directors of the bank will be held on January 03, to consider and if thought fit, to approve the proposal for further issue of equity shares on rights basis, to existing shareholders of the bank," the bank said in its filing to the exchange.

At 12:27 hours IST, the stock was trading at Rs 73.10, up 4.06 percent amid large volumes on the BSE. Market capitalisation of the company currently stands at Rs 714.63 crore.

Sections
Follow us on
Available On