** Coventry Group CYG.AX falls as much as 3.6% to A$0.68, lowest since September 2
** Industrial products distributor raises up to ~A$20 mln ($13.3 mln) via 2-for-7 non-renounceable pro-rata entitlement offer
** Issue price of A$0.60 represents ~15% discount to last close
** Proceeds to be used for debt reduction, as working capital
** YTD, CYG falls 44.7%
($1 = A$1.5038)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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