At closing on Tuesday, the shares of Lakshmi Vilas Bank closed at Rs 20.35 but the stock rose 9.83% today.
This change took place after the bank announced that amalgamation with Clix Group was close to being locked.
In a communication exchange, the bank said, “We wish to inform that the mutual due diligence is substantially complete, and the parties are in discussions on the next steps. The Bank will continue to share any further information as and when they materialise.”
As of now, the share prices of the bank stand at 22.40 INR.
