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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.
Rama Steel Tubes has withdrawn its plan to issue up to 15.34 Cr equity shares to non-promoters. This share swap was intended to acquire a 21.62% stake in Automech Group Holding. The withdrawal is due to regulatory and procedural hurdles in completing the cross-border deal.