A branch of The Lakshmi Vilas Bank in Mumbai, India. (Photographer: Mahima Kapoor/BloombergQuint)
AION Capital-backed Clix Capital Services Pvt. is looking at merging its lending operations with Lakshmi Vilas Bank Ltd., following which, it will invest Rs 2,000-2,500 crore into the bank, two people with direct knowledge of the matter said.In an exchange notification on Monday, Lakshmi Vilas Bank said it had received a non-binding letter of intent from Clix Capital Services and Clix Finance India Pvt., for an investment in the bank...