Dhanlaxmi Bank gains 11.8% on takeover buzz

Shares of Dhanlaxmi Bank surged 11.8 for every penny, or by Rs 2.4, in morning exchange on Tuesday after media reports proposed that it may turn into a takeover focus for other private moneylenders.

Monetary Times cited two financiers acquainted with the improvement as saying that "the saving money firm may turn into an objective for private loan specialists, who are as yet building their minimal effort store base."

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