Clix Group completes due diligence of LVB ahead of proposed amalgamation

The 2 events had earlier agreed to increase the due diligence exclusivity interval until September 15 because of prevailing Covid-19 pandemic scenario

Subjects
Lakshmi Vilas Financial institution | Clix Capital



BR Reporter 

Final Up to date at September 15, 2020 23:13 IST


Lakshmi Vilas Financial institution (LVB), which had signed a preliminary, non-binding letter of intent with Clix Capital Providers Non-public Restricted and Clix Finance India Non-public Restricted (collectively, Clix Group) in relation to the proposed amalgamation of Clix Group with the financial institution, knowledgeable on Tuesday that the mutual due diligence course of was almost full.

The 2 events had earlier agreed to increase the due diligence exclusivity interval until September 15 because of prevailing Covid-19 pandemic scenario. The 2 are actually discussing the following steps. The financial institution will proceed to share any additional data as and when it materialises, LVB mentioned in an announcement.





First Printed: Tue, September 15 2020. 23:09 IST





























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