India: Clix Capital eyes 45% stake in Lakshmi Vilas Bank

India: Clix Capital eyes 45% stake in Lakshmi Vilas Bank

Photo: Reuters

Lakshmi Vilas Bank Ltd has received a non-binding offer from Pramod Bhasin-promoted Clix Capital Services Pvt. Ltd and Clix Finance India Pvt. Ltd to buy a 45% stake in the troubled private lender, two people familiar with the matter said. Clix will infuse nearly 2,300 crore into the bank, resulting in the amalgamation, they said.

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