Lakshmi Vilas Bank receives LoI from Clix Capital for 51% stake purchase

 Capital starved-Lakshmi Vilas Bank (LVB) has a received preliminary, non-binding letter of intent (Loi) from Clix Capital Services Private Limited & Clix Finance India Private Limited dated June 12, 2020. Clix Capital and Clix Finance are non-banking finance companies backed by AION Capital. The private-equity player, through its non-banking financial arms, is set to lead the deal as it looks to buy over a 51 per cent stake for around Rs 1,400-1,600 crore.

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