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Jai Balaji completes allotment of CCDs

CHENNAI: Citi Venture Capital International and Hudson Equity Holdings, a part of India Equity Fund, have invested in Jai Balaji Industries by way of subscribing to compulsorily convertible debentures (CCD) respectively, of Rs. 326.90 each. Each CCD is to be converted into one equity share. The funds are being utilised for meeting part of the cost of expansion schemes. — Corporate Reporter

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