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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; anirban.chowdhury@dowjones.com

Stock News for Worthington (WOR)
DateTimeHeadline
03/27/201409:44:41U.S. Hot Stocks: Hot Stocks to Watch
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
09/25/201318:39:33Worthington 1st-Quarter Profit Up 61% Amid Favorable Tax Adjustments
06/24/201309:15:11U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
12/11/201208:04:49Limited Brands, PetSmart, Others Declare Dividends Before 'Cliff'
12/22/201008:57:24Nitin Fire: To Sell Majority Stake In Unit To Worthington Industries

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