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Newswire

Igarashi Motors to raise up to 1.1 bln rupees

MUMBAI, Nov 30 (Reuters) - Igarashi Motors India Ltd. said on Thursday its board approved raising up to 1.1 billion rupees through qualified institutional placement or private placement of equity shares.

Igarashi shares ended 1.6 percent higher at 139.85 rupees in the Mumbai market.