Nitin Spinners Ltd approves issue of 10,00,290 Equity Shares to Promoters

The Board of Directors of Nitin Spinners Ltd has approved the issue of 10,00,290 Equity Shares to Promoters and its group i.e. Sh. Ratan Lal Nolkha, Sh. Dinesh Nolkha, Sh. Nitin Nolakha and Redial Trading & Investment Private Limited at an issue price of Rs. 120.50 per share (including premium of Rs. 110.50) on preferential basis.

The Extra-Ordinary General Meeting is scheduled to be held on 14th December, 2017 to consider Special Resolution for issue above referred Equity Shares to Promoters and its group on preferential basis.

Shares of NITIN SPINNERS LTD. was last trading in BSE at Rs.113.45 as compared to the previous close of Rs. 112.05. The total number of shares traded during the day was 12864 in over 263 trades.

The stock hit an intraday high of Rs. 117.9 and intraday low of 112.4. The net turnover during the day was Rs. 1464985.

Source : Equity Bulls

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