IIFL subsidiary India Infoline Investment Services today picked up over 4 per cent stake in private sector player Lakshmi Vilas Bank for Rs 106 crore, through an open market transaction.
According to the bulk deal data available with BSE, India Infoline Investment Services purchased 1.06 crore shares, amounting to 4.13 per cent stake, in Lakshmi Vilas Bank.
The shares were bought at a price of Rs 100.1 apiece, valuing the transaction at Rs 105.93 crore, the data showed.
Among the sellers of the shares was M N Dastur and Company.
Lakshmi Vilas Bank stock settled 4.91 per cent higher on BSE at Rs 111.
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