Nitin Spinners gets nod to raise funds worth Rs 8.05 crore

Nitin Spinners Ltd. | Textile - Spinning | Textiles & Apparels | BSE: 532698 | NSE: NITINSPIN

27 Feb 2018 Evaluate

Nitin Spinners has received an approval to issue 6,68,290 Equity Shares to one of the company's promoters, namely Redial Trading and Investment, at an issue price of Rs 120.50 per share (including premium of Rs 110.50) on preferential basis aggregating to Rs 8.05 crore. The Board of Directors of the company at its meeting held on February 24, 2018, approved the same.

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

Peers

Company Name	CMP
Trident	23.12
Filatex India	82.47
Sanathan Textiles	460.30
Sutlej Textiles&Inds	38.28
Nahar Ind.Enterprise	127.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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