April 5, 2019 / 12:19 PM / 3 months ago

India's Lakshmi Vilas board okays merger deal with Indiabulls Housing

April 5 (Reuters) - India’s Lakshmi Vilas Bank Ltd said on Friday its board has approved a share swap acquisition by housing finance firm Indiabulls Housing Finance Ltd .

For every share held, the shareholders of the private-sector bank would be entitled to get 0.14 share in Indiabulls, Lakshmi Vilas Bank said in a statement here. (Reporting by Krishna V Kurup in Bengaluru, Editing by Sherry Jacob-Phillips)

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