Lakshmi Vilas Bank share price tanks 9%; Sebi questions firm on Rs 800 crore dispute
The fall came after market regulator, The Securities and Exchange Board of India (SEBI), asked the private lender why it did not disclose a dispute with Religare Finvest, a unit of Religare Enterprises Ltd, in its regulatory filing for rights share issue launched in January, according to a report from Economic Times.
Lakshmi Vilas Bank share price has fallen 29 per cent so far this year. Image source: Reuters