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An announcement from Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) is now available.
Rama Steel Tubes Ltd. has announced a strategic move to further invest in its wholly-owned subsidiary, RST International Trading FZE, based in the U.A.E. The Board of Directors approved an acquisition of shares and a working capital loan of AED 10 million to support the subsidiary’s expansion plans and explore additional business opportunities. This decision aligns with the company’s growth initiatives and aims to enhance its market position in the steel and construction materials industry.
More about Rama Steel Tubes Ltd.
Rama Steel Tubes Ltd. is a manufacturer and exporter specializing in ERW steel tubes, both black and galvanized. The company operates in the steel industry, focusing on the production and export of steel tubes and related products.
Average Trading Volume: 984,193
Technical Sentiment Signal: Hold
Current Market Cap: 16.21B INR
For an in-depth examination of RAMASTEEL stock, go to TipRanks’ Overview page.