Tinna Rubber Expands International Footprint by Incorporating Wholly Owned Subsidiary in Chile
Tinna Rubber and Infrastructure Limited has announced its move into international business with the incorporation of a wholly owned subsidiary in Santiago, Republic of Chile. The new entity, named TINNA RUBBER CHILE SpA, is part of the company's broader strategy to expand its global operations.The incorporation of the Chilean entity marks a strategic step toward strengthening Tinna Rubber’s global supply chain. The business activities focused through this subsidiary include recycling and processing end-of-life tyres (ELTs), plastic waste and scrap, battery waste and scrap, and other related allied waste management and recycling initiatives, subject to applicable laws and regulatory approvals.
Tinna RUBBER CHILE SpA was incorporated on January 13, 2026. The company plans to utilize the subsidiary to carry out the business of processing ELTs and managing various industrial waste materials worldwide.
Key details regarding the newly established entity are as follows:
| Particulars | Details |
|---|---|
| Subsidiary Name | TINNA RUBBER CHILE SpA |
| Date of Incorporation | January 13, 2026 |
| Industry Focus | Waste Management and Recycling; Collection of non-hazardous waste and material recovery. |
| Authorized Share Capital | Chilean Pesos 500,000,000 (CLP) |
| Shares Issued | 50,000,000 ordinary registered shares |
| Nominal Value per Share | CLP 10 |
The subsidiary is a Wholly Owned Subsidiary and constitutes a related party to the Company. The Promoter/Promoter group does not have any interest in the entity other than as the owner.
While the incorporation formalities have been completed, some post-incorporation procedural and regulatory compliances are currently being managed before commercial operations can commence. The necessary capital infusion into TINNA RUBBER CHILE SpA will be made subsequently after all required approvals and legal and regulatory formalities have been successfully met.
TINNARUBR Stock Price Movement
On Wednesday, shares of Tinna Rubber and Infrastructure Limited shed value, tumbling to settle at ₹904.2 after closing down 3.55% or ₹33.15 from the previous close. Trading activity for the stock during the session totaled 52,440 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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