Andhra Bank’s scrip gained 2.45 per cent
on the Bombay Stock Exchange (BSE)
on Thursday on its plans to raise
capital through Qualified
Institutional Placement (QIP) or
Follow on Public Offer
(FPO).The shareholders of the
bank had approved a proposal
for QIP or FPO at its Annual General
Meeting held here, the BSE was
informed today.Andhra Bank’s scrip
ended at Rs. 71 after opening for trade
at Rs. 69.30. The total traded quantity was 4.1
0 lakh shares and two-week average quantity is 2.66 lakh
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