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Lakshmi Vilas Bank to allot nearly 5% shares to Indiabulls Housing Finance

Updated : April 15, 2019 09:29 PM IST

It is expected that the relevant date (of allotment of equity) could be by the end of April 2019, it added.
Earlier this month, the private sector lender had announced its merger with Indiabulls Housing Finance Ltd (IBHL) in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.
Lakshmi Vilas Bank to allot nearly 5% shares to Indiabulls Housing Finance

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