While RBI rejected the Indiabulls offer, Clix Capital offer was stuck on valuation issues. Clix Capital had valued their loan book at Rs 4200 crore, while LVB valued it at Rs 1,200-Rs 1,300 crore, creating a mismatch of over Rs 2,500-Rs 3,000 crore.source https://economictimes.indiatimes.com/industry/banking/finance/banking/lakshmi-vilas-bank-the-rise-and-fall-of-a-94-yr-old-troubled-bank-from-tamil-nadu/articleshow/79275567.cms
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