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Promoters hike stake in Zenith Birla

MUMBAI: Zenith Birla India on Wednesday said it had allotted 12 lakh equity shares to the promoter group and a foreign institutional investor as preferential issue. It has allotted four lakh equity shares at a price of Rs. 50 each to Godavari Corporation Pvt. Ltd, the promoter group, and eight lakh shares to Lotus Global Investments under the preferential issue, the Birla group company informed the Bombay Stock Exchange.

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