Nitin Spinners Limited
Bajaj Finserv Mutual Fund took a new position in Nitin Spinners, acquiring 5,71,138 shares for ₹30.93 crore at ₹541.55 apiece, representing a 1.02% stake.
A leading manufacturer of cotton yarn, knitted fabrics, and finished woven fabrics, Nitin Spinners operates from its base in Bhilwara, Rajasthan. Founded in 1992, the company serves both domestic and international markets through vertically integrated textile production capabilities. Its distinctive approach combines spinning, knitting, and fabric finishing operations within a single integrated framework, enabling end-to-end control of quality and production.
AMC subsidiary of Bajaj Finserv, India's leading non-banking financial services conglomerate. Launched in 2023 with an aggressive passive-first strategy, offering index funds and ETFs at competitive expense ratios to challenge incumbents in the rapidly growing passive segment. One of the fastest-growing new entrants in the AMC space with strong distribution from Bajaj Finserv's vast financial services network.