Bank of India Mutual Fund decreased its stake in Tinna Rubber and Infrastructure Limited from 1.94% to 1.87% by selling 11,570 shares. The value of the sold shares is approximately ₹1.15 crore, calculated at a share price of ₹996.20.
A leading processor of end-of-life tyres, Tinna Rubber converts waste rubber into crumb rubber and recovers steel wire through an environmentally focused recycling process. The company operates as a vertically integrated rubber processor, serving diverse industries that utilize recycled rubber products in manufacturing. Its core business centers on sustainable waste management and resource recovery from discarded tyres, transforming them into valuable industrial materials.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.