Nitin Spinners Acquires 65.68 Lakh Shares in cGE II Hybrid Energy
Nitin Spinners Ltd has announced the acquisition of 65,68,162 equity shares of Rs. 10 each in cGE II Hybrid Energy Private Limited on August 19, 2026. This acquisition increases the company's total shareholding in cGE II Hybrid Energy Private Limited to 2,57,04,545 equity shares, representing 7.36% of its paid-up share capital. cGE II Hybrid Energy Private Limited is involved in the generation of renewable energy. This move signifies Nitin Spinners' strategic investment in the renewable energy sector.
Key Highlights
- Acquired 65.68 lakh equity shares in renewable energy firm.
- Total holding in cGE II Hybrid Energy now stands at 7.36%.
- Investment signals strategic focus on renewable energy sector.
- Acquisition details filed under SEBI Listing Regulations.
Price Impact
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