LAKSHVILAS stock chart. It is in huge debt. If a merger is announced it will recover a bit.
Private sector lender Lakshmi Vilas Bank Ltd. will be amalgamated with DBS Bank India Ltd., said a statement by the Reserve Bank of India moments after it announced that the former has been placed under moratorium.
Read more at: https://www.bloombergquint.com/business/rbi-places-lakshmi-vilas-bank-under-moratorium
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My prediction came true.