Capri Global Holdings Sells Lakshmi Vilas Bank Shares Worth Over Rs 2.5 Crore
An employee passes an electronic index curve displaying current share prices. (Photographer/Bloomberg)

Capri Global Holdings Sells Lakshmi Vilas Bank Shares Worth Over Rs 2.5 Crore

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Capri Global Holdings on Wednesday sold more than 20 lakh shares of The Lakshmi Vilas Bank Ltd. through an open market transaction.

According to the bulk deal data available on the Bombay Stock Exchange, Capri Global Holdings offloaded a total of 20,55,161 shares at an average price of Rs 12.40 apiece. This took the total deal value to Rs 2.54 crore.

The shares were picked up by Besseggen Infotech LLP, the data showed.

Capri Global Holdings held 1.82% stake in Lakshmi Vilas Bank as a public shareholder, as per the bank's shareholding pattern for September 2020 quarter.

According to the bulk deal data available on the NSE, Besseggen Infotech LLP sold a total of 23,42,801 shares of Lakshmi Vilas Bank at an average price of Rs 12.45 a piece, valuing the transaction at Rs 2.91 crore.

Also read: From Yes Bank To Lakshmi Vilas Bank, Lessons From Bank Failures

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

Shares of Lakshmi Vilas Bank on Wednesday closed 20% lower at Rs 12.40 on the BSE, while on the NSE, the scrip ended 19.94% lower at Rs 12.45.

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