Business Update19 Jun 2024, 10:31 pm
Tinna Trade Invests INR 20.16 Crore in Fratelli Wines' Partly Paid Equity Shares
AI Summary
Tinna Trade Ltd has invested INR 20.16 Crore in Fratelli Wines Private Limited's partly paid equity shares. The investment is in the form of 11,20,000 equity shares with a face value of Rs. 10/- each, at a premium of Rs. 170 per equity share. The company has made an initial investment of INR 10.08 Crore, which is 50% of the issue price. Fratelli Wines is a wholly owned subsidiary of Tinna Trade Ltd and is engaged in the business of manufacturing, importing, exporting, processing, and selling of wines and alcoholic beverages.
Key Highlights
- Tinna Trade Ltd invests INR 20.16 Crore in Fratelli Wines Private Limited's partly paid equity shares.
- The investment is in the form of 11,20,000 equity shares with a face value of Rs. 10/- each, at a premium of Rs. 170 per equity share.
- Fratelli Wines is a wholly owned subsidiary of Tinna Trade Ltd and is engaged in the business of manufacturing, importing, exporting, processing, and selling of wines and alcoholic beverages.
- The initial investment made by Tinna Trade Ltd is INR 10.08 Crore, which is 50% of the issue price.