/ Lakshmi Vilas Bank Issues QIB ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 3 January 2017


Lakshmi Vilas Bank has informed BSE that the committee of directors for capital raising at its meeting held on January 3, 2017, has 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 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).

The stock in one year has surged by 40.57 %. In the last three years, the stock has surged by 36.62 %. In the last five years, the stock has given a return 16.45%. It is trading with a P/E of 12.20. Lakshmi Vilas Bank has also outperformed the BSE Sensex and the Small-cap index.

Canara Robeco Mutual Fund, Goldman Sachs Mutual Fund and Indiabulls Mutual Fund are the three fund houses which have invested in the stock.
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