tiprankstipranks
Trending News
More News >

Rama Steel Tubes Ltd. Announces Key Management Appointment and Strategic Divestment

Story Highlights
Rama Steel Tubes Ltd. Announces Key Management Appointment and Strategic Divestment

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1