The Lakshmi Vilas Bank is currently trading at Rs. 22.45, up by 0.15 points or 0.66% from its previous closing of Rs. 22.60 on the BSE.
The scrip opened at Rs. 23.45 and has touched a high and low of Rs. 23.50 and Rs. 22.25 respectively. So far 60492 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.25 on 18-Jul-2019 and a 52 week low of Rs. 10.45 on 31-Mar-2020.
Last one week high and low of the scrip stood at Rs. 22.45 and Rs. 21.95 respectively. The current market cap of the company is Rs. 759.29 crore.
The promoters holding in the company stood at 6.80%, while Institutions and Non-Institutions held 17.27% and 75.75% respectively.
Lakshmi Vilas Bank (LVB) is in talks with investors to mop up Rs 1,000 crore additional capital. The nearly 100-year-old LVB is looking at ways to bolster its capital adequacy ratio and the merger deal with Aion Capital-backed non-banking financial company Clix Capital would bring in Rs 1,900 crore for the bank. The bank needs capital to grow and make profit. The bank got Clix as they have expressed their interest to merge with the bank. The advantage is that they are capital surplus and bank is capital deficit.
Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.