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Eroad Says Regal Partners' Unit Lifts Stake

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Eroad (ASX:ERD, NZE:ERD) received notice that Regal Funds Management, a unit of Regal Partners (ASX:RPL), increased its holdings in the company to 15.759% from 14.541%, according to a Friday filing with the New Zealand bourse.

Regal Funds now owns 29.6 million shares in the company, the filing said.

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