Andhra Bank has raised the funds by allotment of 53,99,83,952 equity shares of Rs 10 each at Rs 37.39 p. per equity shares (including a premium of Rs 27.39p. per share) to Government of India on preferential basis. After the said allotment, Government of India's holding has been increased from 93,49,78,617 (77.99%) to 1474,96,25,69 (84.83%) equity shares. The Bank has issued and allotted the same on October 11, 2018.
Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.
