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The fire was noticed in the commercial complex situated in front of the Ujire Anugraha English Medium School. Fire tenders from Belthangady were rushed to the spot to douse the blaze, reports said.
The fire, which is suspected to have started by a short circuit, spread to two shops — Anar Tyres and Raksha Agro. Goods worth several lakhs are believed to have been destroyed by the flames.
Both shops were closed on Wednesday on account of Ganesh Chaturthi. A large crowd gathered as soon as the news of the fire spread.