Leicester police are appealing for witnesses after three masked men robbed a cash van at De Montfort University.
The raiders threatened two G4S security guards and stole a quantity of cash. One of the guards was injured during the robbery.
The robbery happened at about 6.15am on Tuesday when the guards were making a collection from a cash machine in Mill Lane.
Police said the robbers fled in a Volkswagen Golf along The Newarke, Western Boulevard and then in the direction of Dunns Lane.
The suspects have been described as being of medium build, between 5ft 8in and 6ft and were wearing dark clothing with their hoods up and balaclavas covering their faces.
Detective Constable Denise Reidy said: "One of the guards received minor injuries but both were understandably shocked by the incident and we are urging anyone with information to come forward.
"We have spoken to some witnesses and carried out various enquiries but the public can help. There were people in and around the university at the time of the incident that may have seen the suspects and I would urge them to get in contact."
Anyone with any information about the incident is asked to contact Det Con Reidy or Pc Gail Warden on 101.
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