Nitin Spinners (NITINSPIN) — Announcement

📢 Key Event
Nitin Spinners increases renewable energy stake via new acquisition

💡 Investor Takeaway
This acquisition gives Nitin Spinners a direct foothold in India's growing renewable energy sector through a minority stake.

Nitin Spinners announced on August 19, 2026, that it acquired 568,162 equity shares of Rs. 10 each in cGE Hybrid Energy Private Limited, increasing its stake to 7.36% of the paid-up capital, reflecting strategic entry into renewable energy generation.

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About Nitin Spinners Limited (NITINSPIN)

Textiles · Textiles · Listed on NSE

Market Cap: ₹3,524.99 Cr P/E: 16.6 ROE: 16.2% ROCE: 14.3% Div Yield: 0.48%

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🔥 Also filed on 19 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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