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Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) has provided an update.
Rama Steel Tubes Ltd. has announced its decision to acquire a 100% stake in Automech Group Holding Limited, a company registered under the Abu Dhabi Global Market. This strategic acquisition, valued at AED 296 million, involves Rama Steel Tubes and its wholly-owned subsidiary, RST International Trading FZE, acquiring 21.62% and 78.38% stakes respectively. This move is expected to enhance Rama Steel Tubes’ market presence and operational capabilities, potentially offering significant benefits to its stakeholders.
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 is based in New Delhi, India, and holds an ISO 9001:2015 certification, indicating its commitment to quality management standards.
Average Trading Volume: 888,704
Technical Sentiment Signal: Hold
Current Market Cap: 16.44B INR
For an in-depth examination of RAMASTEEL stock, go to TipRanks’ Overview page.