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The incident took place at around 3 am today, they said.
The security guard, identified as Satbir Singh, was beaten up mercilessly with bricks by assailants and sustained serious injuries, they said.
A scrutiny of the footage acquired from the ATM CCTV camera showed a masked man in a white shirt entering the ATM kiosk, the police said.
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A probe into the matter is underway, the police added.