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Essel Propack will raise ₹30 crore through issuance of commercial paper on private placement basis, the company informed the stock exchanges on Monday. The papers, rated A1+ by CARE, will be issued on Thursday and will mature in 60 days. However, the company has not disclosed the coupon rate for the commercial papers. Shares of Essel Propack gained 2 per cent at ₹245.95 on the BSE.
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