stake in the bank. Both these firms are held by a private equity firm AION Capital. Media reports have pegged the eventual stake anywhere between 45% and 65% through a merger of Clix Capital Services and the bank.
The bank will get a capital infusion of ₹2,300-2,500 crore.The south-based private sector lender has been in talks with various institutional investors for capital for long now.
These talks resumed after the Reserve Bank of India (RBI) refused to approve a merger with Indiabulls Housing Finance Ltd last year.Lakshmi Vilas Bank's capital adequacy ratio was a pitiful 3.46% in December of which Tier-I capital was a mere 1.46%.