Andhra Bank Fixes Price for Preferential Issue to Government

New Delhi: Andhra Bank said on Monday that the issue price for the proposed preferential allotment of equity to government has been fixed at Rs 90.69 per share. "Issuance of equity shares by way of preferential allotment to government to the tune of Rs 120 crore...the issue price has been arrived at Rs 90.69 per share," the bank said in a filing to the BSE. This price represents about a 4 per cent premium to Andhra Bank's clo...