Tinna Rubber Infuses SAR 1.02 Lakh (approx. ₹26.12 Lakh) in Saudi Subsidiary
Tinna Rubber and Infrastructure Limited infused its fourth tranche of SAR 1,02,000 (approx. ₹26.12 Lakh) into its Saudi subsidiary, Tinna Rubber Arabia Ltd. The investment was for subscribing to 15 shares at SAR 6800 each.
The investment amount is relatively small in the context of the overall company's operations and financial standing, hence the impact is assessed as low.
The company is making a strategic investment into its wholly-owned subsidiary, which is a positive development for business expansion and growth.
Tinna Rubber and Infrastructure Limited has announced an investment of Saudi Riyal (SAR) 1,02,000, equivalent to approximately ₹26,12,159, through the infusion of its fourth tranche. This investment is for the subscription of 15 shares, with each share valued at SAR 6800, into its wholly-owned subsidiary, Tinna Rubber Arabia Ltd., located in Saudi Arabia.
The company has made this disclosure in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Tinna Rubber and Infrastructure Limited. Read the original for the full detail.