Lakshmi Vilas Bank AGM | Section of shareholders vote against re-appointment of 7 directors and auditors

LVB shareholders are unhappy with the way bank is managed and the sharp deterioration in finances. Opposition against appointment of directors, including CEO S Sundar, comes as lender is in talks with Clix Capital for a merger and secure much -needed capital

from Moneycontrol Business News https://www.moneycontrol.com/news/business/lakshmi-vilas-bank-agm-|-sectionshareholders-vote-against-re-appointment7-directorsauditors_14312061.html