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Hughes Precision Raises Rs 250 Cr to Expand Ammunition

Goa-based defence manufacturer Hughes Precision Manufacturing has raised more than Rs 250 crore to grow its ammunition business. The round combined primary and secondary investment from a group of ultra-high-net-worth individuals, called UHNIs. Hughes Precision did not name the investors. It also did not split the primary and secondary amounts. The company will use the…

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