Lakshmi Vilas Bank Rights Issue Fully subscribed

The Lakshmi Vilas Bank Ltd opened its Rights Issue for an amount of Rs. 409.79 crores on August 08, 2014. The issue remained open for 15 days and closed on August 22, 2014. The Issue was fully subscribed and received subscription of 112%.

Axis Capital Limited acted as the sole lead manager to the Rights Issue.

Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.80.5 as compared to the previous close of Rs. 80.05. The total number of shares traded during the day was 48113 in over 522 trades.

The stock hit an intraday high of Rs. 80.95 and intraday low of 79.5. The net turnover during the day was Rs. 3866812.

Source : Equity Bulls

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