Lakshmi Vilas Bank Ltd allots 11985138 shares

The Committee of Directors for Capital Raising of Lakshmi Vilas Bank Ltd (the "Committee") at its meeting held on January 03, 2017, approved the issue and allotment of 1,19,85,138 Equity Shares of face value Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs. 140.00 per Equity Share, aggregating to Rs. 167,79,19,320 (Rupees One Hundred and Sixty Seven Crores Seventy Nine Lakhs Nineteen Thousand Three hundred and twenty only).

Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.140.5 as compared to the previous close of Rs. 142.2. The total number of shares traded during the day was 9552 in over 309 trades.

The stock hit an intraday high of Rs. 142.7 and intraday low of 139.4. The net turnover during the day was Rs. 1344865.

Source : Equity Bulls

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