Shareholders of the beleaguered Lakshmi Vilas Bank have voted against the reappointment of seven directors of the bank, including MD & CEO S Sundar, effective September 25, 2020, plunging the bank into a crisis amid a merger process with PE fund-backed Clix Capital .
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LVB shareholders reject reappointment of CEO
Sunday, 27 September 2020
LVB shareholders reject reappointment of CEO
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