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Indian Infoline buys stake in LVB

India Infoline Investment Services, a subsidiary of IIFL, has bought 4% stake in private sector Lakshmi Vilas Bank for Rs 106 crore. The deal was finalized through an open market transaction. India Infoline Investment Services purchased 1.06 crore shares, amounting to 4.13% stake, in the bank, stock exchange data indicated. The shares were bought at a price of Rs 100.1 apiece, valuing the transaction at Rs 105.93 crore. Among the sellers of the shares was M N Dastur and Company.

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