On 04 November 2017
Nitin Spinners announced the closure of QIP issue on 04 November 2017. The Board of Directors at its meeting held on 04 November 2017 has approved the issue price of equity shares to be allotted to QIBs at Rs 115 per share, including a premium of Rs 105 per share, which is a premium of Rs 1.08 per share to the floor price of Rs 113.92 per equity share. The Board approved the placement document dated 04 November 2017 in connection with QIP and approved the issue of confirmation of allocation notes (CANs) for allocation of 93,85,765 equity shares to the QIBs.Powered by Capital Market - Live News
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