
Investment12 Aug 2026, 02:45 pm
Tinna Rubber Infuses SAR 5.1 Lakh in Saudi Subsidiary
AI Summary
Tinna Rubber and Infrastructure Limited has announced an investment of Saudi Riyal (SAR) 5,10,000 in its wholly-owned subsidiary, Tinna Rubber Arabia Limited, located in Saudi Arabia. This investment, made in two tranches, was for the subscription of 75 shares at SAR 6800 per share, equivalent to approximately Rs. 1,30,96,801/-. The infusion is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aims to bolster the subsidiary's operations.
Key Highlights
- Tinna Rubber invested SAR 5.1 Lakh in its Saudi subsidiary.
- Investment made for subscription of 75 shares in Tinna Rubber Arabia Ltd.
- Equivalent to approximately Rs. 1.31 Crore.
- Investment supports the wholly-owned subsidiary's operations.
Price Impact
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