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RIIT — Raajmarg Infra Investment Trust News Story

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IndustrialsSpeculativeMid CapTurnaround

India's Raajmarg Infra Investment Trust up 6% in trading debut

** Raajmarg Infra Investment Trust RAAM.NS units up 6.1% at 106.11 rupees in trading debut

** RAAM opened at 107 rupees vs IPO issue price of 100 rupees

** Highway operator InvIT's 60 billion rupees ($639.2 million) IPO subscribed about 14 times, with institutional investors leading demand

** RAAM backed by state-owned National Highways Authority of India

($1 = 93.8700 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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