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Usher Agro to raise Rs. 100 crore through QIP

MUMBAI: Usher Agro, a leading rice miller, will be raising Rs. 100 crore through the qualified institutional placement (QIP) route. The funds will be used for modernising its Buxar (Bihar) plant as well as expanding its rice and wheat milling capacities. It will also be setting up a one MW captive power plant at its Buxar plant, says a release. — Corporate Reporter

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