Andhra Bank to go for QIP/F

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