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.
| 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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