Tinna Rubber and Infrastructure Ltd — Updates, 02-07-2025: Company Update

Tinna Rubber and Infrastructure Limited has announced a successful fund raise of Rs. 78.70 Crores through a Qualified Institutions Placement, issuing approximately 8.86 lakh equity shares to reputed institutional investors including ICICI Prudential Mutual Fund and JM Financial Mutual Fund. The capital will be used for expanding and upgrading capacities, repaying certain borrowings, and general corporate purposes. This is the company’s first QIP, highlighting its strong execution capabilities in the rubber recycling sector and its focus on growing operations domestically and internationally, including setting up a recovered carbon black plant.