Joint Venture11 Dec 2025, 07:24 pm
Rama Steel Tubes to Acquire 100% Stake in Automech Group Holding for Approx. Rs. 728 Crores
AI Summary
Rama Steel Tubes Ltd. has agreed to jointly acquire 100% stake of Automech Group Holding Limited, a company registered under the Abu Dhabi Global Market (ADGM), along with its wholly owned subsidiary RST International Trading FZE. The total consideration for the acquisition is AED 296 million (Approx. Rs. 728 Crores). RST International Trading FZE will acquire 78.38% stake for AED 232 million and Rama Steel Tubes Limited will acquire 21.62% stake for AED 64 million, which will be adjusted/payable against the issuance of fresh equity shares of the Rama Steel Tubes Limited.
Key Highlights
- Rama Steel Tubes and RST International Trading FZE to acquire 100% stake in Automech Group Holding Limited
- The total consideration for the acquisition is AED 296 million (Approx. Rs. 728 Crores)
- RST International Trading FZE will acquire 78.38% stake for AED 232 million and Rama Steel Tubes Limited will acquire 21.62% stake for AED 64 million
- The consideration for Rama Steel Tubes Limited will be adjusted/payable against the issuance of fresh equity shares
- The acquisition is intended to diversify revenue streams, achieve operational synergies, and create sustainable long-term value for the Company