Tinna Trade Limited announced a private placement that it will issue 1,901,000 Equity Shares of face value of INR 10 each, at an issue price of INR 72 per share for gross proceeds INR 136,872,000 and 19,01,000 Warrants at an issue price of INR 18 per share for the gross proceeds of INR 34,218,000, aggregate proceeds INR 171,090,000 on April 22, 2024. The transaction will include participation from new investor, Chin-min Developers Private Ltd for 375,000 shares and individual investors such as Puja Sekhri; Gaurav Sekhri; Aarti Sekhri; Shobha Sekhri each for 375,000 shares and warrants; Hemant Arora for 8,500 shares and warrants and Sanjeev Kumar Agarwal for 17,500 shares and warrants.

On June 13, 2024, the company announced the transaction has been approved by the board of directors of the company.