Acquisitions11 Dec 2025, 07:22 pm
Rama Steel Tubes to Acquire 100% Stake in Automech Group Holding Limited for Approx. Rs. 728 Crores
AI Summary
Rama Steel Tubes Limited, at its Board Meeting on December 11, 2025, approved the execution of a share purchase agreement with MR JAGJIT GOURI, RST INTERNATIONAL TRADING FZE, and Automech Group Holding Limited. The Company, along with its wholly owned subsidiary RST International Trading FZE, will acquire 100% stake of Automech Group Holding Limited for an aggregate consideration of AED 296 million (Approx. Rs. 728 Crores). The acquisition is intended to diversify revenue streams, achieve operational synergies, and create sustainable long-term value for the Company.
Key Highlights
- Rama Steel Tubes and RST International Trading FZE to acquire 100% stake of Automech Group Holding Limited
- Aggregate consideration of AED 296 million (Approx. Rs. 728 Crores)
- RST International Trading FZE to acquire 78.38% stake for AED 232 million
- Rama Steel Tubes to acquire 21.62% stake for AED 64 million
- Strategic acquisition to diversify revenue streams and achieve operational synergies