Ratnamani Metals & Tubes Limited
Ratnamani Metals & Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes from its manufacturing facilities in India.
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Ratnamani Metals & Tubes Ltd (RMTL) now fully owns Ratnamani Trade EU AG, Switzerland, after acquiring the remaining 40% stake for EURO 4,00,000. The target entity has a share capital of EURO 1,000,000. This acquisition grants RMTL complete control over its European exclusive trading house, established to import and distribute...
Ratnamani Metals & Tubes has invested ~30.49 Cr in its subsidiary, Ravi Technoforge Private Limited (RTL), through a rights issue. This adjusts Ratnamani's holding to 75.00% from 80.017%, following a revised agreement with RTL's existing shareholders who will maintain a 25% stake. RTL manufactures high-precision forged and turned bearing components...
Ratnamani Metals & Tubes (RMTL) is acquiring the remaining 40% stake in its Swiss subsidiary, Ratnamani Trade EU AG, for EURO 400,000, making it a wholly-owned entity. This strategic move solidifies RMTL's European market presence, leveraging Ratnamani Trade EU AG as its exclusive trading house for importing and distributing stainless...
Ratnamani Metals & Tubes has incorporated "Ratnamani Middle East Company, LLC" as a new subsidiary in Saudi Arabia, acquiring a 75% stake for Saudi Riyal 15,00,000. This joint venture, with Saudi Electrical Materials Co., targets the KSA and GCC markets with critical steel tubing solutions. The strategic move expands RMTL's...