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Lakshmi Vilas Bank gets shareholders' nod to raise up to Rs 1,000 crore

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Lakshmi Vilas Bank: Lakshmi Vilas Bank gets shareholders' nod to raise up to Rs 1,000 crore - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsStock Analysis, IPO, Mutual Funds, Bonds - MoreShareholders also approved raising authorised share capital from Rs 500 crore.PTI|Sep 28, 2019, 03.39 PM ISTBCCLThe resolution to raise funds by issuance of securities, including American Depository Receipt (ADR) and Global Depository Receipt (GDR), was approved by shareholders in the annual general meeting held on September 27, it said in a regulatory filing.

Lakshmi Vilas Bank on Saturday said it has got shareholders' approval to raise up to Rs 1,000 crore by issuance of securities.

The resolution to raise funds by issuance of securities, including American Depository Receipt (ADR) and Global Depository Receipt (GDR), was approved by shareholders in the annual general meeting held on September 27, it said in a regulatory filing.

Shareholders also approved raising authorised share capital from Rs 500 crore, divided into 50 crore equity shares of Rs 10 each, to Rs 650 crore, divided into 65 crore equity shares. Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved stories, click on link hightlighted in bold




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