Rama Steel Tubes Limited
Incorporated in 1974, Rama steel tubes is one of the leading manufacturers of Steel Pipes & Tubes, Rigid PVC & G.I. Pipes and square section products in India.
What Rama files
- Others67
- Important20
- Board Meeting19
- Updates17
- Credit Ratings4
- Results1
Rama Steel Tubes (RSTL) and its subsidiary will acquire 100% of UAE-based Automech Group for ~Rs. 728 Cr. RSTL's portion (~Rs. 158 Cr) will be funded via new equity shares. This diversifies RSTL's revenue streams and strengthens its global presence in steel fabrication, engineering, and construction.
Rama Steel Tubes' board approved a cash investment of AED 36 million for its UAE subsidiary's expansion. Additionally, a AED 10 million working capital loan at 8% p.a. was sanctioned to strengthen the subsidiary's liquidity and operations, supporting future growth.
Rama Steel Tubes Limited has informed regarding the further investment in M/s RST International Trading FZE (U.A.E) (Wholly Owned Subsidiary) by way of acquisition of shares.
Rama Steel Tubes has announced the eligibility date for shareholders to vote at the upcoming 51st Annual General Meeting. Investors holding shares by the specified cut-off date will be eligible to cast their votes electronically for AGM resolutions.
Rama Steel Tubes has clarified its approach to managing unutilized funds from its recent issue. Pending full deployment for their designated purposes, the company can temporarily invest these proceeds. Permissible investments include interest-bearing liquid instruments, bank deposits, and money market instruments. This update provides clarity on the interim capital management...