JM Financial Mutual Fund decreased its stake in Tinna Rubber and Infrastructure Limited from 1.67% to 1.48%, selling 35,315 shares. The value of the reduced stake is approximately ₹3.52 Cr based on 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 arm of JM Financial Group, one of India's established investment banking and financial services conglomerates. Manages over Rs 10,000 crore across equity, debt and liquid schemes. Among India's older independent AMCs, known for conservative debt fund management and a focused equity product suite.