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Fund Raise

Rama Steel Tubes Fund Raise

Rama Steel Tubes Limited has decided to withdraw its proposed preferential issue of up to 15,34,50,146 equity shares. The withdrawal is due to procedural constraints and timelines involving cross-border regulatory approvals for a 21.62% stake acquisition in Automech Group Holding Limited. The company intends to re-initiate the share swap transaction after completing necessary formalities.

Source

NSE filing, NSE: RAMASTEEL. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Rama Steel Tubes Ltd: key numbers

Share price
₹4.11
Market cap
₹672.4 Cr
Revenue (annual)
₹1,124 Cr
Net profit (annual)
₹12.58 Cr
P/E (TTM)
51.9×Sector 16.7×
Promoter holding
33.93%-0.25% QoQ
FII holding
2.67%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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