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NCL Industries' rights issue to open on March 27

HYDERABAD: NCL Industries has announced an issue of 1.2-crore equity shares of Rs. 10 each at a premium of Rs. 8 per share on a rights basis to the existing shareholders in the ratio of four shares for every five shares held. The issue aggregating Rs. 23.37 crore opens on March 27 and closes on April 25. The net proceeds of the issue will be utilised to part finance the company's growth plans.

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