** Shares of Excite Technology Services fall 15.4% to A$0.011, set for biggest daily drop since June 28, if current losses hold
** Cyber security firm says it has received commitments to raise A$1 mln ($674,200) in a placement, for market resources and fund investment in group's sales
** Issue price of A$0.01/share represents ~23% discount to last close on Oct. 8, when trading was halted pending capital raising announcement
** About 11.2 mln shares change hands, 2.2x the 30-day avg
** Stock up 37.5% YTD
($1 = 1.4832 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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