At meeting held on 26 June 2018
Lakshmi Vilas Bank announced that the Board of Directors of the company at its meeting held on 26 June 2018 has approved -1) issue of up to 15,00,00,000 equity shares of Rs 10 each and/or any other securities convertible into equity shares of the Bank through one or more modes including qualified institutions placement/ American depository receipts/ global depository receipts/Foreign Currency Convertible Bonds ("Equity Fund Raise"); and
2) raising of funds through issue of bonds/ debentures/ securities of the Bank on private placement basis, for an aggregate amount up to Rs. 250 crore (Rupees two thousand and five hundred million).
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