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LVB shareholders to get nothing in merger with DBS Bank India
short by Krishna Veera Vanamali / on Wednesday, 18 November, 2020
The merger of Lakshmi Vilas Bank with DBS Bank India will result in the entire amount of paid-up share capital, reserves and surplus of the former being written off, according to the draft scheme of amalgamation proposed by the RBI. LVB shares will stand delisted after merger. This means shareholders will lose the complete value of the shares they own.
read more at Bloomberg Quint