trending Market Intelligence /marketintelligence/en/news-insights/trending/uS0Mph61zY9R6I_OdySdJw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Andhra Bank to raise 32.56B rupees in share issue

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Andhra Bank to raise 32.56B rupees in share issue

Andhra Bank plans to raise up to 32.56 billion Indian rupees by issuing shares.

The bank will issue up to 1,145,672,061 equity shares at 28.42 rupees per share, according to a March 22 notice.

In a previous notice, the bank said it is raising the capital by issuing shares to the government of India. The capital raised will be used for strengthening the common equity and Tier 1 capital of the bank. Following the issue, the government's stake in the bank will rise to 90.85% from 84.83%.

As of March 22, US$1 was equivalent to 69.13 Indian rupees.