Trading suspended in Lakshmi Vilas Bank stocks

-

(Commercial Representative) Mumbai, Ta. Thursday, November 26, 2020

As a result of the Reserve Bank of India's move to merge Lakshmi Vilas Bank (LVB) with DBS Bank, Lakshmi Vilas Bank's shareholder capital is now nil. The suspension of trading of shares in NSE was announced late yesterday evening. With this, trading in bank stocks on both NSE and BSE was suspended from today-Thursday.

A statement issued by the NSE said that shares of Lakshmi Vilas Bank have been trading since the closing hours of November 4, 2020, when the Department of Financial Services-Ministry of Finance issued a gazette notification on November 4, 2020. Earlier, the amalgamation of Lakshmi Vilas Bank with DBS Bank would be implemented by the Reserve Bank of India from November 4, 2020 and the moratorium would be withdrawn from the bank from that day. With this, all the branches of Lakshmi Vilas Bank will now function as branches of DBS Bank India.

Depositors of Lakshmi Vilas Bank will be able to operate their accounts as customers of DBS Bank from Friday, November 4, 2020. It may be mentioned that Lakshmi Vilas Bank was pushed into crisis by the Reserve Bank of India and the board of the bank was superseded on November 12, 2020.

Meanwhile, group units of Lakshmi Vilas Bank have challenged the bank's final scheme of amalgamation in the Mumbai High Court and decided to take the Reserve Bank of India, the government and DBS Bank to court. The promoter group has a 2.50% holding in Lakshmi Vilas Bank. In the Mumbai High Court, the writ petition was filed by Carey Electronics and Development Pvt. Ltd., Pranava Electronics Pvt. Ltd. And has been filed by KR Pradeep.

Institutional shareholders in the bank include Indiabulls Housing Finance Ltd. Prolific Finvest Pvt Ltd. MN Dastur & Co. Pvt Ltd has 1.4 per cent, Capri Global Holdings Pvt Ltd has 1.4 per cent, Capri Global Advisory Services has 2 per cent, Boycens Infra Pvt. . Trinity Alternative Investment Managers has 1.31 per cent.


Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more