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Nitin Spinners Limited ( (IN:NITINSPIN) ) has provided an announcement.
Nitin Spinners Limited has announced the acquisition of 1,71,36,363 equity shares of CGE II Hybrid Energy Private Limited, a company involved in renewable energy generation. This acquisition aims to enhance the renewable power supply for Nitin Spinners’ plants in Rajasthan, qualifying them as captive consumers under the Electricity Act/Rules. The acquisition is not a related party transaction and was completed on August 29, 2025. This move is expected to strengthen Nitin Spinners’ operations by securing a sustainable energy source, potentially improving their market positioning in the textile industry.
More about Nitin Spinners Limited
Average Trading Volume: 5,705
Technical Sentiment Signal: Hold
Current Market Cap: 19.54B INR
For a thorough assessment of NITINSPIN stock, go to TipRanks’ Stock Analysis page.