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The board of directors of Oriental Aromatics , (formerly Camphor and Allied Products) on Friday approved incorporating a wholly-owned subsidiary in Mumbai, by making an initial investment of ₹6 crore. However, the company did not disclose any other details of the development such as the nature of business, or the date of launch. Shares of Oriental Aromatics closed 1 per cent lower at ₹180.10 on the BSE.
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