Andhra Bank to consider preferential issue to Government

A meeting of the Board of Directors of Andhra Bank will be held March 05, 2011, to consider approval for certain modifications with regard to the issue of equity shares to Government of India on preferential allotment basis which was earlier approved by the Board of the Bank in their meeting held on February 18, 2011.

The stock closed the day at Rs.135.65, down by Rs.0.80 or 0.59%. The stock hit an intraday high of Rs.140.15 and low of Rs.134.45.

The total traded quantity was 1.11 lakhs compared to 2 week average of 1.93 lakhs.

Source : Equity Bulls

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