Acquisitions6 Sept 2025, 05:43 pm
Ratnamani Metals & Tubes Ltd. to Purchase Technoenergy AG's Shareholding in Ratnamani Trade EU AG
AI Summary
Ratnamani Metals & Tubes Ltd. has executed a Share Purchase Agreement with Technoenergy AG, Switzerland, to purchase the entire shareholding held by it in Ratnamani Trade EU AG, Switzerland. The Company will purchase 40,000 Shares of Euro 10 each, at a purchase price of EURO 4,00,000, making Ratnamani Trade EU AG a wholly owned subsidiary. This move is aimed at strengthening the Company's presence, branding, and servicing in Europe.
Key Highlights
- Ratnamani Metals & Tubes Ltd. to purchase 100.00% shares of Ratnamani Trade EU AG
- Purchase price is EURO 4,00,000 for 40,000 Shares of Euro 10 each
- Ratnamani Trade EU AG to become a wholly owned subsidiary of Ratnamani Metals & Tubes Ltd.
- Move aimed at strengthening Company's presence, branding, and servicing in Europe
- Transaction is a related party transaction but at arm's length