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Nitin Spinners gets nod to raise funds

20 Feb 2018 Evaluate

Nitin Spinners has received board’s approval for the allotment of 3,32,000 Equity Shares of face value of Rs 10.00 each to promoters of the company, at the issue price of Rs 120.50 per Equity Share, aggregating to Rs 4 crore. The Securities Issuance Committee of the Board of Directors of the company at its meeting held on February 20, 2018 approved the same.

Pursuant to this allotment, the paid-up share capital of the company stands increased from 5,52,19,710 Equity Shares to 5,55,51,710 Equity Shares and the percentage of shareholding of the promoters of the company stands increased from 53.36% to 53.64%.

Nitin Spinners is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.

Nitin Spinners Share Price

419.70 9.75 (2.38%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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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.

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