As Lakshmi Vilas Bank turns into DBS Bank, Anil Singhvi maps the road ahead for shareholders
In a major development for the customers of Lakshmi Vilas Bank (LVB), the resolution process has been completed in just a week’s time. The bank will be renamed as DBS India now. However, The trading in Lakshmi Vilas Bank shares has been suspended from today. What does this mean for the investors? Zee Business Managing Editor Anil Singhvi gives his take on the development
Anil Singhvi said that it will be incorrect to assume that the Lakshmi Vilas Bank shares will convert into DBS shares after the merger process is completed