Tinna Rubber and Infrastructure Merger & Restructuring Worth ₹5 Cr
Tinna Rubber incorporated its wholly-owned subsidiary, Tinna Rubber Chile SpA. The Company approved an investment of up to ₹5 Crore for this international expansion.
- Value
- ₹5.00 Cr
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Tinna Rubber incorporated its wholly-owned subsidiary, Tinna Rubber Chile SpA. The Company approved an investment of up to ₹5 Crore for this international expansion.
Tinna Rubber and Infrastructure Limited infused a 5th tranche of investment worth Rs. 0.26 Crore into its wholly-owned subsidiary, Tinna Rubber Arabia Ltd., Saudi Arabia.
Tinna Rubber and Infrastructure Limited has invested Rs. 0.26 Crore as the 3rd tranche of capital infusion into its wholly owned subsidiary, Tinna Rubber Arabia Ltd.
Tinna Rubber invested approximately ₹1.29 Crore in its Saudi Arabian subsidiary, Tinna Rubber Arabia Ltd. The investment funded the subscription of 75 shares.
Tinna Rubber and Infrastructure will invest up to ₹15 Crore in its newly incorporated wholly-owned subsidiary, Tinna Rubber Arabia Ltd, to expand operations.