SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nile gets approval for transfer of ‘Glass Lined Equipment and Pressure Vessels Division’

11 Jul 2011 Evaluate

Nile has received an approval for the transfer of the company's ‘Glass Lined Equipment and Pressure Vessels Division’ with all the assets and liabilities comprising thereof, to De Dietrich Process Systems India as a going concern on a slump sale basis. The company has received an approval at its board meeting held on July 09, 2011.

The approximate consideration for transfer of the above mentioned business division is Rs 58.50 crore, subject to suitable adjustments at the closing of the transaction. Following this decision, the company will focus on building its market position in its Lead Division and pursue further synergistic opportunities in related areas.

Further, the above transfer is subject to the approval of the shareholders and other approvals as may be necessary and the company proposes to obtain the consent of its shareholders by means of a postal ballot.

Nile was originally incorporated as a private limited company with the name Navabharat Industrial Linings and Equipment, designs and manufactures equipment for specific customer applications or process performance improvement.

Nile Share Price

1681.25 -41.20 (-2.39%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
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:

×