CLIX CAPITAL

Clix Capital may apply for banking licence after failed merger with Lakshmi Vilas Bank

Clix Capital has been in talks with the LVB management since June and had also submitted a non-binding agreement in October. Clix had propo...

Lakshmi Vilas Bank hits 20% lower circuit limit after DBS merger news

"Given the small size of LVB, the RBI seems to have chosen the route of amalgamation with another foreign private bank instead of a unique ...

Lakshmi Vilas Bank: The rise and fall of a 94-yr-old troubled bank from Tamil Nadu

​​While RBI rejected the Indiabulls offer, Clix Capital offer was stuck on valuation issues. Clix Capital had valued their loan book at Rs ...

RBI's Lakshmi Vilas Bank bailout plan: Singapore's DBS to infuse Rs 2,500 crore

As part of the bailout, depositors and bond holders in general will get their money back. Equity shareholders face a total loss of investme...

LVB drops 4% as Clix CEO says merger talks can't go on and on

Pramod Bhasin, the founder of Clix Capital told ET: "We have to decide this urgently. We are happy to walk away from the deal and get on wi...

Bhasin warns Clix can walk away if LVB talks go on and on

Clix Capital had submitted an indicative non-binding offer for LVB on October 8, but is yet to get any substantive response from the stress...

Clix Capital Chairman feels WFH will junk all vanity concepts, put hard-working people in the limelight

Pramod Bhasin stressed on setting ground rules while working from home.

Stocks in the news: RIL, ITC, Cipla, LVB, Dilip Buildcon and IRCON International

Lakshmi Vilas Bank has reached out to the Clix Group with “all the documents” on its contingent liability related to Religare Finvest depos...

Significant progress in proposed merger with Clix Group: Lakshmi Vilas Bank

"Now, the respective sides are in the process of a workable and mutually acceptable framework," the bank announced Saturday.

Lakshmi Vilas Bank jumps 4% as board to consider rights issue

"A meeting of the board will be held Thursday to consider and approve the issue of securities of the bank to existing shareholders of the b...

LVB board to meet on October 15 to consider rights issue

"A meeting of the board will be held Thursday, October 15, 2020 to consider and approve the issue of securities of the bank to existing sha...

Lakshmi Vilas Bank soars 16% on receiving non-binding merger offer from Clix Group

On September 15, the capital-starved bank said it had agreed for an amalgamation with the mid-sized non-banking lender Clix Capital Group i...

Lakshmi Vilas Bank gets non-binding offer from Clix Group

The capital-starved bank announced that it has received an indicative non-binding offer from Clix Group, raising promises of its early revi...

Lakshmi Vilas Bank forms a committee to take merger talks forward with Clix Capital

“We are going ahead with the merger proposal. If it goes through, the bank would be able to get out of the trouble and have a combined net ...

Lakshmi Vilas Bank surges 10% as merger talks with Clix Capital on track

"We wish to inform that the mutual due diligence is substantially complete, and the parties are in discussions on the next steps. The bank ...

Substantial due diligence for Clix deal done: LVB

"We are investing our time in it because we are quite positive and confident about the deal," one of the persons said.

Pramod Bhasin’s Clix Capital seeks merger with LVB

Under the regulatory requirement, new shareholders and directors have to meet the ‘fit and proper’ criteria laid down by RBI.