Andhra Bank at its meeting held on June 24 accepted the thought to raise the equity capital amounting to Rs. 2000 crore by using way of Qualified Institutional Placement (OIP) / Follow-on Public Offer (FPO) / Sale of non-middle belongings / Preferential Allotment / any other approved manner at some point of FY 2019-20 situation to marketplace conditions and vital approvals.
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