Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank

Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week

As time runs out for capital-starved Lakshmi Vilas Bank (LVB) to infuse money, AION Capital-backed Clix Capital is in talks to buy a majority stake in the private lender.

Highly-placed sources say the private-equity player through its non-banking financial arm Clix Capital may lead the deal as it looks to buy over a 51 per cent stake and a formal letter of intent will be sent to LVB next week.

Clix Capital, a digital-lending NBFC focused on retail, consumer, small business, and equipment loans, has assets under management of roughly Rs 5,000 crore. AION Capital, along with former GE Capital