SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nitco gets approval for the scheme of amalgamation

09 Jul 2011 Evaluate

Ceramic tiles manufacturer, Nitco has received an approval on July 08, 2011, from Bombay High Court for the proposed scheme of amalgamation of Particle Boards India with the company and their respective shareholders and creditors under sections 391 to 394 of the Companies Act, 1956. Further, the scheme will be effective from the date on which the certified copy of the High Court order is filed with the registrar of companies, Maharashtra.

Recently in February this year, Nitco had purchased 100-acres of land in Alibaug near Mumbai valued at around Rs 500 crore. The company is aiming to build luxurious villas in Alibaug and launch it before 2012. With this acquisition, it now has a total land bank of over 120 acres in India.

Nitco is engaged in the manufacture of flooring tiles in India. Previously known as Nitco Tiles, the company is one of the largest manufacturers of flooring tiles in India

Nitco Share Price

87.89 -2.93 (-3.23%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1210.35
Somany Ceramics 470.10
Cera Sanitaryware 5331.30
Asian Granito India 74.39
Pokarna 901.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×