Tinna Rubber and Infrastructure Limited has informed the Exchange about General Updates
TINNARUBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tinna Rubber had offered up to 1,45,000 equity shares of BGK Infratech at Rs. 400 per share under BGK's buyback offer. BGK Infratech has accepted 1,40,167 shares on a proportionate basis, meaning nearly 97% of the shares tendered. The total consideration to be received by the company is Rs. 5,60,66,800 (about Rs. 5.61 crore), subject to applicable withholding tax. This is a continuation of the company's earlier communication dated April 19, 2025. BGK Infratech is a promoter-related entity of Tinna Rubber.
The company will receive roughly Rs. 5.61 crore in cash inflow, which is a modest liquidity boost. Since BGK is a promoter-linked entity, this is a related party transaction, though it represents a genuine monetisation of an investment at a defined price.