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Patel Integrated Logistics informs about updates

10 Dec 2021 Evaluate
Patel Integrated Logistics has informed that the company has received proceeds of right issue of Rs 10,00,00,000 less expenses related to tight issue in its Bank Account. The Company is in the process of deploying the fund to reduce the debt as mentioned in Letter of Offer so that the interest cost can be saved. This will benefit the financials also.

The above information is a part of company’s filings submitted to BSE.
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