ALFA Filings
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2 announcements with these filters
Rama Steel Tubes board approved a preferential issue of shares and warrants to raise Rs. 346.40 Crore, alongside amendments to an existing acquisition agreement.
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.