The accused, who has been identified as Farmaan (20), has been arrested by the police, M G Road police station in-charge Manoj Ratnakar said.
Allegedly, Farmaan stabbed Moin (19) after a minor dispute during the procession, due to which he suffered serious injuries, he said.
Moin was rushed to a private hospital where doctors declared him dead.
Ratnakar said that Farmaan has been arrested in this regard and further investigations are on.
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