Tinna Rubber expands into Chile, deepens Saudi bet as stock slides 5.5%
Tinna Rubber and Infrastructure Ltd announced an investment of Chilean Pesos 1,00,00,000 in its new subsidiary, Tinna Rubber Chile SpA, subscribing to 10,00,000 shares. Concurrently, it infused SAR 1,02,000 into Tinna Rubber Arabia Ltd. Despite this expansion, the company's stock fell 5.51% to ₹879.25, reflecting ongoing market challenges.