Mangaluru: A deep sea fishing gillnet boat Capsize at Alivebagilu after colliding with a sand mound on Wednesday.

Ten fishermen in the boat were rescued by fishermen of another boat when accident took place.

The boat belongs to Lokanath Bolar and was returning after deep water fishing. According to the sources, the owner of the boat incurred a loss of Rs 70 lakh following the accident.

Bunder police registered a case on the incident.