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Rama Steel Tubes Ltd. ( (IN:RAMASTEEL) ) has issued an update.
Rama Steel Tubes Ltd. has announced two significant decisions following its recent board meeting. Firstly, the company has appointed Mr. Manish Kumar as the new Company Secretary and Compliance Officer, marking a key managerial change. Secondly, the board has approved the company’s exit from its joint venture with Pir Panchal Constructions Private Limited, where it held a 25% stake. This divestment indicates a strategic shift in the company’s operations, potentially impacting its market positioning and stakeholder interests.
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 is recognized for its commitment to quality, holding an ISO 9001:2015 certification.
YTD Price Performance: -24.11%
Average Trading Volume: 1,469,358
Current Market Cap: 14.44B INR
Learn more about RAMASTEEL stock on TipRanks’ Stock Analysis page.