Preferential Route

Jump to

Have shareholder nod to issue over Rs 4 cr worth equity: LVB

In the interview NS Venkatesh of Lakshmi Vilas Bank said that the bank needs to increase its capital adequacy at this stage but has not planned but a definite time schedule has not been finalised yet.
Dhanlaxmi Bank plans to raise Rs 300 cr by year end

The bank plans to raise about Rs 100 crore via preferential route, for which it has RBI approval. It will raise the first tranche of about Rs 37.75 crore in the next 10 days. The balance will be raised in another 30 days.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Preferential Route

Have shareholder nod to issue over Rs 4 cr worth equity: LVB

Dhanlaxmi Bank plans to raise Rs 300 cr by year end