!! LAST DAY !! Children's Day Sale - Flat 70% + Extra 10% Discount On All Pendrive / Android Courses. For More Call On 9354229384, 9354252518, 9999830584, 9315859773

News in Short

Filter By Date

Filter By Date

Lakshmi Vilas Bank approved merger with Indiabulls

Date: 09 April 2019 Tags: Acquisitions and Merger
  • Lakshmi Vilas Bank, a private sector lender approved merger with Indiabulls Housing Finance Ltd, a mortgage financier in an all-stock deal.
  • New merged entity will be named ‘Indiabulls Lakshmi Vilas Bank’.
  • It would be among top 8 private banks in India by size and profitability.
  • As per share swap ratio, for every 100 shares of Lakshmi Vilas Bank shareholders will get 14 shares of Indiabulls Housing Finance.