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Rama Steel Tubes Limited — Board Meeting, 11-12-2025: Outcome of Board Meeting
11-12-2025 | 07:12 pm
11-12-2025 | 07:12 pm
Rama Steel Tubes' board approved acquiring 100% of UAE-based Automech Group Holding for ~Rs 728 Cr (AED 296M). RSTL's subsidiary pays AED 232M cash for 78.38%, with RSTL acquiring 21.62% via fresh shares for AED 64M. This diversifies revenue & strengthens its UAE/GCC/Europe presence.
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