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Lakshmi Vilas Bank hits upper circuit on Indiabulls Real Estate stake sale

Updated : June 07, 2019 01:30 PM IST

Shares of Lakshmi Vilas Bank were locked in the upper circuit after Embassy Group bought around 12 percent stake in Indiabulls Real Estate.
Indiabulls Group wants to focus on core financial services business, Ajit Mittal, executive director of the group, told CNBC-TV18.
The banking regulator is yet to grant its approval to Indiabulls Housing Finance's proposed merger with Lakshmi Vilas Bank.
Lakshmi Vilas Bank hits upper circuit on Indiabulls Real Estate stake sale

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