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Nitin Spinners fixes price band at Rs. 18-21

NEW DELHI: The Rajasthan-based Nitin Spinners, an export oriented unit, announced on Wednesday its initial public offering to raise Rs. 49 crore through the book-building route to part fund its expansion programme involving an investment of Rs. 150 crore. The price band of the issue has been fixed at Rs. 18-21 per share of the face value of Rs. 10 each.The issue opens on January 6 and closes on January 12.

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