Tinna Rubber expands into Chile, deepens Saudi bet as stock slides 5.5%
The Board has approved an overall investment cap of up to ₹5 crore into the Chile entity
Tinna Rubber And Infrastructure Ltd announced two overseas investments on Wednesday while its shares declined by 5.51% to ₹879.25 on Thursday. The New Delhi-based firm invested ₹1,00,00,000 (CLP 1,00,00,000) in its newly established Chilean wholly-owned subsidiary, Tinna Rubber Chile SpA, acquiring 10,00,000 shares at CLP 10 each, valued at roughly ₹10,03,729.
The company had set a maximum investment limit of ₹5 crore in the Chilean entity. Moreover, Tinna Rubber disclosed its fifth capital injection into Tinna Rubber Arabia Ltd, its Saudi Arabian subsidiary, amounting to SAR 1,02,000 for 15 shares at SAR 6,800 each, equivalent to approximately ₹26,46,763. On Thursday, the stock opened at ₹935, reached a peak of ₹948.70, and plummeted to ₹876, with its market capitalization totaling around ₹1,582 crore. The shares have been trading below their 52-week high of ₹1,322, recorded on July 21, 2026.
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