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Andhra Bank raises funds from GoI

12 Oct 2018 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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