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The board of directors of Sintex Industries has approved the allotment of 5,000 non-convertible debentures of face value ₹10 lakh each - 9.41 per cent rated listed, secured, fully redeemable, dematerialised - to LIC and P&GS Fund on private placement basis. The company has raised ₹500 crore through the issue. Shares of Sintex Industries closed at ₹103.35, down 0.4 per cent on the NSE.
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