Will they be second time lucky? Lakshmi Vilas Bank ‘s board has approved a merger with mortgage financier Indiabulls Housing Finance. For every 100 shares of Laxmi Vilas Bank held – shareholders will receive 14 shares of Indiabulls Housing Finance. Remember, the merger was rejected in 2014 Will there be a green signal from the RBI? What are the synergies at play? This is what Nayantara Rai discusses with Ajit Kumar Mittal, ED, Indiabulls Housing Finance on this India Development Debate.
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