Lakshmi Vilas Bank Ltd Board to consider terms of Rights Issue of equity shares

A meeting the Board of Directors of Lakshmi Vilas Bank Ltd will be held on July 16, 2014, to consider the terms for issue of equity shares on rights basis.

The Board will decide the size of the proposed rights issue of equity shares and issue price per rights equity share of face value of Rs. 10 each.

The Board will approved the number of rights equity shares which an eligible equity shareholder as on the record date will be entitled to and decide the record date for determining the eligible equity shareholders who would be entitled to the rights equity shares.

Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.103.6 as compared to the previous close of Rs. 105.1. The total number of shares traded during the day was 49380 in over 674 trades.

The stock hit an intraday high of Rs. 106.9 and intraday low of 102.8. The net turnover during the day was Rs. 5125572.

Source : Equity Bulls

Keywords