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The board of Allcargo Logistics has approved raising funds to the tune of ₹1,000 crore through issuance of secured/unsecured non-convertible debentures and/or bonds on private placement basis in one or more tranches. However, the decision is subject to approval by shareholders. The stock of Allcargo gained 0.33 per cent at ₹105.90 on the BSE.
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