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Transport and logistics firm North Eastern Carrying Corporation has announced a rights issue of equity shares to raise funds. The company will allot 4,51,77,602 equity shares at a price of Rs 18 per share, aiming to raise Rs 81.18 crore. Existing shareholders will have the opportunity to purchase additional shares at a discount. The proceeds from the rights issue can be used for purposes such as debt repayment. NECC is engaged in domestic and industrial goods transportation and warehousing services.
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