Lakshmi Vilas Bank Ltd files draft letter of offer for Right Issue of equity shares

Lakshmi Vilas Bank Ltd has filed a draft letter of offer in connection with the Proposed Rights Issue of equity shares of Rs. 10 each ("Equity Shares") by The Lakshmi Vilas Bank Limited ("Bank"), aggregating up to Rs. 5050 million for cash, in terms of Part E of Schedule VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended ("SEBI ICDR Regulations"), with the Securities and Exchange Board of India on March 27, 2014.

Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.66.2 as compared to the previous close of Rs. 65.3. The total number of shares traded during the day was 21989 in over 343 trades.

The stock hit an intraday high of Rs. 66.85 and intraday low of 65.7. The net turnover during the day was Rs. 1456929.

Source : Equity Bulls

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