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Inside Clix Capital’s Rescue Plan For Lakshmi Vilas Bank: BQ Exclusive
Clix Capital is looking at merging its lending operations with the bank, after which, it will invest Rs 2,000-2,500 crore in it.
19 Jun 2020, 12:13 AM IST
AION Capital-backed Clix Capital Services Pvt. is looking at merging its lending operations with Lakshmi Vilas Bank Ltd., following which, it will invest Rs 2,000-2,500 crore into the bank, two people with direct knowledge of the matter said.In an exchange notification on Monday, Lakshmi Vilas Bank said it had received a non-binding letter of intent from Clix Capital Services and Clix Finance India Pvt., for an investment in the bank...
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