Investment7 Oct 2026, 06:10 pm
Tinna Rubber Invests ₹1 Cr in Chilean Subsidiary
AI Summary
Tinna Rubber and Infrastructure Limited has announced an initial investment of CLP 10,000,000 (equivalent to INR 10,03,729) in its wholly owned subsidiary, Tinna Rubber Chile SpA, located in Santiago, Republic of Chile. This investment is part of the company's international business expansion strategy. The total approved investment in the subsidiary will not exceed INR 5,00,00,000 (Rupees Five Crores Only), to be infused in one or more tranches. All necessary registrations and approvals for Tinna Rubber Chile SpA have been completed.
Key Highlights
- Initial investment of INR 10,03,729 made in Chilean subsidiary.
- Total investment cap set at INR 5 Crore for international expansion.
- Subsidiary Tinna Rubber Chile SpA is wholly owned.
- All requisite registrations for the subsidiary are complete.
Price Impact
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