Celebrity Fashions has informed the BSE that the board of directors of the company on Wednesday has allotted 26.5 lakh equity shares of face value ₹10 each on preferential basis to V Rajagopal, promoter of the company. The company, however, did not disclose the price at which the shares were allotted. Shares of Celebrity Fashions declined 0.35 per cent at ₹14.2 on the NSE.

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