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CLIX CAPITAL SERVICE
Clix Capital secures Rs 220 crore in funding from existing investorsClix Capital, a finance company, secured Rs 220 crore in equity funding from existing investors, including Apollo Global Management. The fu...- Karnataka Bank & Clix Capital partner for co lendingThe partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employm...
- Clix Capital secures Rs 1,200 crore of debt from domestic and global investorsOf the Rs 1,200 crore it has raised in the ongoing quarter, around Rs 160 crore is to be earmarked for green and sustainability projects
- Clix Capital aims to double its profit to Rs 100 cr in FY'24The post-pandemic period saw massive pent-up demand amongst sectors severely impacted due to Covid-19 and the subsequent lockdowns, such as...
- Clix Group partners with Tezzract to lend Rs 1000 crore to MSMEsThrough this partnership, both companies will build solutions to plug the significant challenges that MSMEs face in raising funding to grow...
- LVB drops 4% as Clix CEO says merger talks can't go on and onPramod 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...
- Lakshmi Vilas Bank makes its stance clear to Clix group on Religare deposit caseThe Reserve Bank of India had advised the bank to maintain provisions, on a prudential basis, to cover potential losses for the "claim agai...
- Lakshmi Vilas Bank plunges 9% post Q2 loss; auditor says bank needs urgent capital infusionFollowing the development, the stock fell 8.65 per cent to hit a low of Rs 14.25 on BSE.
- 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 soars 16% on receiving non-binding merger offer from Clix GroupOn 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 GroupThe 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 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.
- Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15"There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and ...
- LVB in talks with investors for capital infusion; looks to raise Rs 1,000 crore: CEOThe bank needs capital to grow and make profit, and "we have got Clix as they have expressed their interest to merge with the bank. The adv...
- Lakshmi Vilas Bank climbs for 4th day on merger talks, up 5%The bank in the past couple of years has faced liquidity and asset quality issues and has been looking for prospective investors and buyers.
- Lakshmi Vilas Bank hits 5% upper circuit limit on merger proposal by Clix CapitalShares of the mid-size private sector lender got locked at 5 per cent upper circuit limit at Rs 16.06 on BSE.
- AION-backed Clix offers to buy stakes in troubled LVBThe market capitalisation of Lakshmi Vilas Bank (LVB) was Rs 515 crore at Monday’s stock price of Rs 15.3 apiece on the bourses. The stock ...
- AION Capital puts $40 million in SME lender Clix CapitalFirm to use funds to build consumer lending business, digital platform.
- Clix Capital in talks to invest up to Rs 800 crore in Catholic Syrian BankThis comes after negotiations between the unlisted private sector bank and Canadian billionaire Prem Watsa-controlled Fairfax fell through ...
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