InvestorQ : Dear sir.. I have 800 shares of Lakshmi vilas bank. if merged with DBS bank tomorrow my shares will be delisted or merged with DBS? Thank you.
SELVAKUMAR made post

Dear sir.. I have 800 shares of Lakshmi vilas bank. if merged with DBS bank tomorrow my shares will be delisted or merged with DBS? Thank you.

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Archita Jajjoo answered.
9 months ago
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Lakshmi Vilas shares have been suspended from trading as of close of 26 November. From 27 November there will be no trading in the shares of LVB. It will officially become a part of DBS Bank. Zee TV had reported erroneously that LVB shareholders will not get shares of DCB Bank. LVB is being acquired by DBS Bank, which has no relation to DCB. DBS India is not listed.

The RBI has clearly mentioned in its scheme of arrangement that the share capital will be written off before the merger. In short equity shareholders will get nothing if they were not lucky enough to sell out the stock before 26 November.

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