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Nitin Fire Protection gets nod to raise Rs 500 crore through private placement

04 Sep 2017 Evaluate

Nitin Fire Protection Industries has received an approval to issue and allot secured/ unsecured, redeemable, cumulative/ noncumulative, non-convertible debentures/Bonds upto Rs 500 crore or equivalent in one or more tranches/ series, through private placement. The Board of the company at their meeting held on September 01, 2017 has approved the same.

Nitin Fire Protection Industries is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India.

Peers
Company Name CMP
Bharat Heavy Elect. 422.00
Thermax 3364.10
Kirloskar Industries 3481.75
Skipper 541.95
INDO-MIM 1272.60
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