WSG Co. Ltd Acquires 5.31% Stake in Remi Edelstahl Tubulars Ltd Through Conversion of Convertible Warrants

WSG Co. Ltd has disclosed the acquisition of a 5.31% stake in Remi Edelstahl Tubulars Limited. The acquisition was made through the conversion of convertible warrants issued on a preferential basis. The total number of shares acquired was 6,69,226. This disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was made on March 4, 2022, and the equity share capital of Remi Edelstahl Tubulars Limited before the said acquisition was Rs. 11,94,52,930 consisting of 1,19,45,293 Equity Shares of face value of Rs. 10/- each fully paid. After the acquisition, the equity share capital of Remi Edelstahl Tubulars Limited was Rs. 12,61,45,190 consisting of 1,26,14,519 Equity Shares of face value of Rs.10/- each fully paid.