Acquisitions11 Dec 2025, 09:16 pm
Rama Steel Tubes to Acquire 100% Stake in Automech Group Holding Limited for Approx. Rs. 728 Crores
AI Summary
Rama Steel Tubes Limited has approved the execution of a share purchase agreement to acquire 100% stake in Automech Group Holding Limited, a company registered under the Abu Dhabi Global Market, for an aggregate consideration of AED 296 million (Approx. Rs. 728 Crores). The acquisition will be jointly made by Rama Steel Tubes Limited and its wholly owned subsidiary, RST International Trading FZE, who will acquire 21.62% and 78.38% stake respectively. The consideration for Rama Steel Tubes Limited's stake will be adjusted/payable against the issuance of fresh equity shares of the company.
Key Highlights
- Rama Steel Tubes Limited and RST International Trading FZE to acquire 100% stake in 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 Limited to acquire 21.62% stake for AED 64 million
- Consideration for Rama Steel Tubes Limited's stake to be adjusted/payable against the issuance of fresh equity shares