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The board of directors of India Cements Capital on Friday decided to surrender to the Reserve Bank of India, the certificate of registration as a non-banking finance company not accepting public deposits. India Cements Capital provides various financial services such as money changing and advisory on the forex market to exporters and importers. ICCL’s subsidiary India Cements Investment Services operates in the share broking business. The BSE-listed stock closed at ₹4.69, up 4.22 per cent.
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