Acquisitions7 Jul 2025, 04:41 pm
Rama Steel Tubes Ltd Announces General Updates Including Acquisition Plans
AI Summary
Rama Steel Tubes Limited has informed the Exchange about General Updates under Regulation 30 of SEBI LODR. The company is planning to acquire a company engaged in Renewable Energy, Engineering and Infra business. The acquisition will be made through cash consideration by utilization of issue proceeds. The tentative amount for acquisition is 177.30 Cr and the company intends to complete the acquisition within a year from the date of receipt of money of issue proceeds of this allotment.
Key Highlights
- Rama Steel Tubes Limited plans to acquire a company engaged in Renewable Energy, Engineering and Infra business
- The acquisition will be made through cash consideration by utilization of issue proceeds
- The tentative amount for acquisition is 177.30 Cr
- The company intends to complete the acquisition within a year from the date of receipt of money of issue proceeds of this allotment