Andhra Bank to merge finance arm
By Our Banking Bureau | 23 Mar 2002
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Hyderabad: Andhra Bank proposes to merge its housing finance subsidiary, Andhra Bank Housing Finance Ltd. As part of this exercise, the bank plans to enhance its holding in the housing finance subsidiary by way of acquiring the shareholding of other equity participants at a valuation to be done by individual valuers.
A proposal to this effect will be considered by the bank at its ensuing board meeting, according to a communique to stock exchanges.
