Tinna Rubber and Infrastructure has entered into Shareholder Agreement to acquire 99% 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. This will be an investment by the company in Global Recycle LLC and the main object of Global Recycle LLC is in line with company's business. The cost of acquisition is Rs 5 crore.
Tinna Rubber and Infrastructure is a market leader in the field of bituminous products. The company has captured substantial share due to the high quality, reliability and customer satisfaction. The company also has interest in winery, agri business and ware housing.
