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Hyderabad, April 2

The board of directors of Gati Ltd, in a meeting held last week, allotted 9.85 lakh equity shares (with a face value of Rs 2 each) at a premium of Rs 82.60 to Mahendra Investment Advisors Private Ltd, the promoter group. The group had been allotted a total of 25 lakh convertible warrants last year.

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