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THE CLIX GROUP
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...- 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...
- Clix Cos sell Rs 107 cr principal dues of Coffee Day Enterprises unit to Phoenix ARCCoffee Day Hotels and Resorts is a 100% subsidiary of listed Coffee Day Enterprises, with liabilities of Rs 330 crore, according to the ann...
- 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.
- RBI asks Lakshmi Vilas Bank to reconsider names proposed for new MD & CEOSubsequently, RBI appointed a three-member Committee of Directors (CoD) comprising independent directors Meeta Makhan, Shakti Sinha and Sat...
- Lakshmi Vilas Bank gets board's approval to raise Rs 500 cr via rights issueThe old-generation Chennai-based private sector bank, which has been on the lookout for an investor and capital for long, had to face a blo...
- 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...
- Crisis-ridden Lakshmi Vilas Bank's capital requirement may have spiked post-CovidThe debt-laden Chennai based lender may need as much as Rs 2,500 crore in fresh funds to survive and grow, higher than the Rs 1500 crore as...
- 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.
- Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limitThe bank has been borrowing funds for augmenting capital funds to support business growth as directed by RBI within the limits approved by ...
- 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.
- Clix Capital may buy Religare stake in housing finance firmReligare Enterprises, which owns an 87.5 per cent stake in the housing finance firm, is divesting its ownership in various companies to tid...
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