AB reaches limit of 18 pc of paid up capital

Mumbai, Sep 19: The Reserve Bank of India has notified today that the aggregate foreign share holdings by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in Andhra Bank has reached the limit of 18 per cent of its paid up capital.

The RBI has stated that further purchases of equity shares on behalf of FIIs/NRIs/PIOs will be allowed only on obtaining its prior approval.

UNI