Date:12/03/2005 URL: http://www.thehindubusinessline.com/2005/03/12/stories/2005031201770600.htm

Back LVB rights issue

Our Bureau

COIMBATORE: Lakshmi Vilas Bank (LVB) has fixed a premium of Rs 45 per share for its rights issue to be offered in the ratio of 7:10 (seven shares for every ten held).

The bank expects to raise Rs 44.57 crore through the rights issue.

The bank will be offering through the rights issue 81,03,866 equity shares of Rs 10 each at a premium of Rs 45 per share ( at a price of Rs 55 per share).