Private sector lender Lakshmi Vilas Bank Ltd. (LVB) will come out with a rights issue to raise ₹500 crore. On Thursday, the board considered and approved raising of funds via issue and allotment of equity shares or securities for an aggregate amount of up to ₹500 crore by way of a rights issue. The terms will be decided at a later date, LVB said. The bank’s shares fell 2.73% to ₹17.80 on the BSE.

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