Acquisitions6 Sept 2025, 05:46 pm
Ratnamani Metals & Tubes Ltd. to Acquire Wholly Owned Subsidiary Ratnamani Trade EU AG from Technoenergy AG, Switzerland
AI Summary
Ratnamani Metals & Tubes Ltd. (RMTL) has executed a Share Purchase Agreement with Technoenergy AG, Switzerland (TEAG) to acquire the entire shareholding held by TEAG in Ratnamani Trade EU AG, Switzerland. The acquisition will result in Ratnamani Trade EU AG becoming a wholly owned subsidiary of RMTL. The transaction is at arm's length and is valued at EURO 4,00,000 for 40,000 shares of Euro 10 each. Ratnamani Trade EU AG was incorporated to become the exclusive trading house for RMTL's products in Europe.
Key Highlights
- RMTL to acquire 100.00% shareholding in Ratnamani Trade EU AG from TEAG
- Transaction valued at EURO 4,00,000 for 40,000 shares of Euro 10 each
- Ratnamani Trade EU AG to become a wholly owned subsidiary of RMTL
- Acquisition aimed at strengthening RMTL's presence in Europe
- Transaction is at arm's length