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Nitin Fire: To Sell Majority Stake In Unit To Worthington Industries

MUMBAI -(Dow Jones)- Nitin Fire Protection Industries Ltd. (532854.BY) said Wednesday it will sell a majority stake in its cylinder manufacturing unit to U.S.-based Worthington Industries Inc. (WOR) for about $21 million. Nitin Cylinders Ltd. operates a facility in India's Andhra Pradesh state with an installed capacity to make 500,000 cylinders a year, Nitin Fire said in a statement. The maker of fire protection and safety equipment didn't give any other details. -By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108;

Stock News for Worthington (WOR)
03/26/201511:26:53Statement of Changes in Beneficial Ownership (4)
03/26/201511:17:35Statement of Changes in Beneficial Ownership (4)
03/26/201511:05:20Statement of Changes in Beneficial Ownership (4)
03/26/201509:23:27Current Report Filing (8-k)
03/25/201511:56:29Amended Current Report Filing (8-k/a)
03/25/201508:30:00Worthington Industries Announces Third Quarter 2015 Earnings...
03/23/201516:04:31Statement of Changes in Beneficial Ownership (4)
03/23/201515:48:35Statement of Changes in Beneficial Ownership (4)
03/23/201515:43:50Statement of Changes in Beneficial Ownership (4)
03/23/201514:29:45Statement of Changes in Beneficial Ownership (4)
03/12/201514:07:31Current Report Filing (8-k)
03/09/201515:13:29Statement of Changes in Beneficial Ownership (4)
03/09/201513:32:47Statement of Changes in Beneficial Ownership (4)
03/09/201513:28:41Statement of Changes in Beneficial Ownership (4)
03/02/201515:27:25Current Report Filing (8-k)
03/02/201505:31:08Steel Is At 5-Year Lows - Cramer's Lightning Round (2/27/15)
02/27/201521:53:09Worthington Industries' (WOR) Q4 2014 Results - Earnings Call...
02/25/201511:34:43Statement of Changes in Beneficial Ownership (4)
02/25/201511:13:02Statement of Changes in Beneficial Ownership (4)
02/25/201510:00:00Worthington Industries to Host Conference Call with Chief Financial...

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