January 2, 2017 / 4:41 AM / 8 months ago

BUZZ-India's Lakshmi Vilas Bank rises after $25 mln share sale

** Shares of Lakshmi Vilas Bank Ltd rise as much as 1.1 pct

** Lender over the weekend closed a share sale to institutions, raising 1.68 bln rupees ($25 mln) bit.ly/2inWGzK

** Lakshmi Vilas Bank says issued about 12 mln shares at 140 rupees per share, a discount of nearly 1 percent to Friday's close

** Centrum Capital managed the sale for Lakshmi Vilas ($1 = 67.9675 Indian rupees)

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