Lakshmi Vilas Bank: Merger to help improve franchise value; focus on retail liabilities Indiabulls Housing Finance (IHFL) and Lakshmi Vilas Bank (LVB) have announced amalgamation, where LVB will merge into IHFL, setting the stage for another NBFC (HFC) marriage with a bank. For LVB shareholders, for every 100 shares, they will get 14 shares of IHFL. The deal is subject to all regulatory/shareholder approvals (the RBI’s approval remains the most significant one) and is expected to be consumma...
A director at Lakshmi Vilas Bank Limited sold 234,000 shares at 63.570INR and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
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