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04-Sep2017

Nitin Fire Protection touches roof on receiving nod to raise Rs 500 crore

Nitin Fire Protection Industries is locked at upper circuit limit at Rs. 4.03, up by 0.19 points or 4.95% from its previous closing of Rs. 3.84 on the BSE.

The scrip opened at Rs. 4.03 and has touched a high and low of Rs. 4.03 and Rs. 4.03 respectively. So far 38,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 37.35 on 01-Nov-2016 and a 52 week low of Rs. 3.60 on 31-Aug-2017.

Last one week high and low of the scrip stood at Rs. 4.14 and Rs. 3.60 respectively. The current market cap of the company is Rs. 117.78 crore.

The promoters holding in the company stood at 68.25%, while Institutions and Non-Institutions held 9.50% and 22.25% respectively.

Nitin Fire Protection Industries has received an approval to issue and allot secured/ unsecured, redeemable, cumulative/ noncumulative, non-convertible debentures/Bonds upto Rs 500 crore or equivalent in one or more tranches/ series, through private placement. The Board of the company at their meeting held on September 01, 2017 has approved the same.

Nitin Fire Protection Industries is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India.



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