Indiabulls Housing Finance (IHFL) and Lakshmi Vilas Bank (LVB) have announced amalgamation, setting the stage for another NBFC (HFC) marriage with a bank. For LVB shareholders, for every 100 shares, they will get 14 shares of IHFL. This implies a 36%premium to the closing price of LVB as of 5th Apr'19 and ~63% premium to the last sixmonths' average price. The scheme of arrangement would lead to a 10.5% dilution. The deal is subject to all regulatory/shareholder approvals (RBI's approval remains the most significant one and will involve multiple considerations). If all approvals come,deal could get consumed in 3 quarters.