AION Capital Partners in race to buy significant minority stake in Lakshmi Vilas Bank, says report
Updated : September 18, 2018 10:37 AM IST
Blackstone, Carlyle, True North and strategic investors such as DBS are already in the race to acquire stake in the bank.
The company is expected to close the deal by the end of this year.
The banker is looking to raise capital through qualified institutional investors or preferential allotment.