Shares of Andhra Bank jumped over 5 per cent early on Tuesday after the state-owned lender said it will divest its stake either fully or partially in various joint venture firms.The scrip was trading 5.74 per cent up at Rs 30.40 at around 9.32 am. The Sensex was up 0.61 per cent at 35,164.The board of the bank, at its meeting on November 3, accorded its approval for divestment of bank’s stake in full or in part in joint venture investments — ASREC India Ltd, India International Bank (Malaysia) Bhd and IndiaFirst Life Insurance Co Ltd — Andhra Bank said in a regulatory filing.IndiaFirst is a joint venture between Bank of Baroda (44 per cent), Andhra Bank (30 per cent) and UK’s wealth…
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