Nitin Fire Protection gets approval to raise upto $100 million

Nitin Fire Protection Industries has received an approval to issue further capital upto $100 million or its Indian rupee equivalent through Right Issue / Warrants / QIP / FCCB / GDR/ Preferential Allotment and form committee for the same. The company has received an approval at its board meeting held on July 08, 2011. Further, the company has also received approval to purchase of land / building for factory.

Recently, the company received a license under the provisions of Sub-Section (3) of Section 9 of the Maharashtra Fire Prevention and Life Safety Measures Act, 2006 to act as a licensed agency for the purpose of Fire Prevention and Life Safety Measure. The license had been granted to the company by the Government of Maharashtra, Directorate of Maharashtra Fire Services and applicable for the entire state of Maharashtra.

Nitin Fire Protection Industries is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinders and refueling Systems Company in India.