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The deceased have been identified as Manjunath (15), Laxman (14) and Sudham (15).
Police said that 96 students and 4 teachers of Satyasai Premniketan Residential school, Bijapur were visiting the district for a school trip. The deceased students had reportedly ventured to take a dip in the water when the tragedy took place.
The police have registered a case and investigating further.