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Hipgnosis plans 150 mln pound placing to boost more song deals

June 16 (Reuters) - Hipgnosis Songs Fund Ltd said on Wednesday that it intends to raise about 150 million pounds ($211.40 million) through stock issue to help fund the acquisition of more songs.

The London-listed fund, which acquired 84 new catalogues last year - taking its portfolio to 64,555 songs, said the offering would be priced at 121 pence per share.

$1 = 0.7096 pounds Reporting by Indranil Sarkar in Bengaluru; Editing by Shailesh Kuber

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