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The business intends to use the net funds from the new offering to develop its Dhule plant, repay debt, and for other corporate reasons.
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City
Dhule is a city located in the Dhule District in the northwestern part of Maharashtra state, India known as West Khandesh. Situated on the banks of Panzara River, Dhule is the regional headquarters of MIDC, RTO, and MTDC. Wikipedia