Tinna Rubber and Infrastructure Ltd to acquire 99% stake in Global Recycler, Oman

Tinna Rubber and Infrastructure Limited ("Company") has entered into Shareholder Agreement to acquire 99.00% stake in Global Recycler, Sole Proprietorship Company Incorporated in Muscat, Sultanate of Oman and which will subsequently convert to Limited Liability Company in due course of time.

Global Recycler, Sole Proprietorship incorporated under laws of Sultanate of Oman to carry on - Waste Recycling, End of Life Tire Recycling, Trading of Waste Material/Scrap business etc.

Shares of Tinna Rubber and Infrastructure Limited was last trading in BSE at Rs. 430.65 as compared to the previous close of Rs. 430.55. The total number of shares traded during the day was 3926 in over 291 trades.

The stock hit an intraday high of Rs. 438.90 and intraday low of 426.50. The net turnover during the day was Rs. 1698880.00.

Source : Equity Bulls

Keywords

TinnaRubberandInfrastructure INE015C01016 Acquisition Oman GlobalRecycler