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Andhra Bank surges on getting nod to raise Rs 200 crore

30 Jan 2020 Evaluate

Andhra Bank is currently trading at Rs. 16.80, up by 0.05 points or 0.30% from its previous closing of Rs. 16.75 on the BSE.

The scrip opened at Rs. 16.80 and has touched a high and low of Rs. 16.90 and Rs. 16.70 respectively. So far 17721 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.30 on 01-Apr-2019 and a 52 week low of Rs. 15.10 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 17.80 and Rs. 16.70 respectively. The current market cap of the company is Rs. 5013.94 crore.

The promoters holding in the company stood at 87.81%, while Institutions and Non-Institutions held 4.07% and 8.13% respectively.

Andhra Bank’s board has approved the proposal of raising of equity capital of the bank by way of preferential allotment of shares to Government of India (GoI), to an extent of Rs 200 crore. The Board of Directors at its meeting held on January 30, 2020 has considered and approved the same.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.

Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1019.55
PNB 107.20
Canara Bank 134.35
Bank Of Baroda 264.05
Union Bank Of India 166.15
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