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Andhra Bank has informed the BSE that a meeting of the Board of Directors meet of the bank will be held on February 26, 2016 to consider preferential allotment of share capital to LIC of India, subject to necessary statutory approvals.
Andhra Bank is currently trading at Rs. 46.75, down by Rs. 0.15 or 0.32% from its previous closing of Rs. 46.9 on the BSE.
The stock is currently trading above its 200 DMA.