Nitin Fire shines on receiving approval to sell shares in Nitin Ventures, Worthington Nitin Cylinders

Nitin Fire Protection Industries Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 532854 | NSE: NITINFIRE

03 Nov 2017 Evaluate

Nitin Fire Protection Industries is currently trading at Rs. 7.85, up by 0.21 points or 2.75% from its previous closing of Rs. 7.64 on the BSE.

The scrip opened at Rs. 7.60 and has touched a high and low of Rs. 7.90 and Rs. 7.50 respectively. So far 75626 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 35.80 on 03-Nov-2016 and a 52 week low of Rs. 3.60 on 31-Aug-2017.

Last one week high and low of the scrip stood at Rs. 7.90 and Rs. 7.30 respectively. The current market cap of the company is Rs. 227.97 crore.

The promoters holding in the company stood at 61.10%, while Institutions and Non-Institutions held 7.50% and 31.40% respectively.

Nitin Fire Protection Industries has received an approval for sale/disposal/divestment/transfer of all or part of the shares in the company’s subsidiary, namely, Nitin Ventures FZE, UAE. It has also received approval for sale/disposal/divestment/transfer of all or part of 40% shares in the company’s associate - Worthington Nitin Cylinders. The board of directors at its meeting held on November 3, 2017 has approved for the same.

Further, the board also approved for raising funds by issuance of securities to Qualified Institutional Buyers up to Rs 500 crore on QIP basis; and/or raising funds by issuance of equity shares including convertible bonds/debentures/warrants/depository receipts up to Rs 500 crore on preferential basis.

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.

Nitin Fire Protectn Share Price

1.82 0.00 (0.00%)

10-Feb-2022 18:01 View Price Chart

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