<h1>Tinna Rubber Infuses Second Tranche Investment into Wholly Owned Subsidiary</h1>
Tinna Rubber and Infrastructure Limited has completed the infusion of the second tranche of an investment into its Saudi Arabia-based subsidiary, Tinna Rubber Arabia Ltd.
The company invested SAR 5,10,000 for the subscription of 75 shares in Tinna Rubber Arabia Ltd., which is a wholly owned subsidiary. The investment was structured at a price equivalent to SAR 6800 per share and corresponds approximately to Rs. 1,30,96,801/-.
The transaction details are as follows:
| Investment Details | Value / Metric |
|---|---|
| Second Tranche Amount | SAR 5,10,000 |
| Shares Subscribed | 75 |
| Subscription Price per Share | SAR 6800 |
| Approximate Value in INR | Rs. 1,30,96,801/- |
TINNARUBR Stock Price Movement
Shares of Tinna Rubber and Infrastructure Limited are slipping as of 3:00 PM, having shed 4.16% in live trading to reach ₹1090 per share. The stock has seen significant intraday movement, with the price briefly touching a low of ₹1065.60 amidst a volume of 95,026 shares traded so far today.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.