Clix Capital Services Private Limited and Clix Finance India Private Limited signed a preliminary non-binding letter of intent to acquire The Lakshmi Vilas Bank Limited (BSE:534690) on June 15, 2020. As of on October 8, 2020, Clix Capital Services Private Limited, Clix Finance India Private Limited and Clix Housing Finance Private Limited made an indicative non binding offer to acquire The Lakshmi Vilas Bank Limited. The letter of intent is subject to completion of mutual due-diligence in exclusive window of 45 days, and will be subject to regulatory and other customary approvals. As of August 15, 2020, Lakshmi Vilas Bank informed that the mutual due diligence is substantially complete, and the parties are in discussions on the next steps. As of September 16, 2020, the exclusivity period was extended till October 15, 2020 due to prevailing pandemic situation.

Clix Capital Services Private Limited and Clix Finance India Private Limited cancelled the acquisition of The Lakshmi Vilas Bank Limited (BSE:534690) effective on November 27, 2020. DBS Bank India Limited acquired The Lakshmi Vilas Bank Limited from group of sellers on November 27, 2020.