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Indian-made foreign liquor (IMFL) maker Jagatjit Industries on Tuesday said it has raised an undisclosed amount from global investment firm KKR to support its ongoing restructuring efforts. The company will use the proceeds to build the brand appeal of the company’s liquor portfolio, streamline its portfolio, increase manufacturing capacity, strengthen the management team and expand its distribution reach. The stock of Jagatjit Industries jumped 4.95 per cent at ₹68.90 on the BSE.
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