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Ratnamani Metals & Tubes planning to raise funds

13 May 2022 Evaluate

Ratnamani Metals & Tubes is planning to raise funds by Issuance of Secured / Unsecured debt securities including Redeemable Non-Convertible Debentures (NCDs) / Bonds etc. by way of Private Placement for an amount not exceeding Rs 500 crore. The Board of Directors at its meeting scheduled to be held on May 18, 2022 to consider and approve the same. 

The Board shall inter alia also consider the proposal for fund raising by way of Further Public Offer / Rights Issue / Preferential Issue / Qualified Institutional Placement of Equity Shares to the extent within the above mentioned limit of Rs 500 crore. However, the total funds to be raised by ways of issue of non-convertible debt securities or equity shares shall be within the above mentioned limit of Rs 500 crore.

Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and also Carbon Steel Pipes, in wide size ranges, for wide spectrum of applications.

Ratnamani Metals Share Price

2462.20 116.55 (4.97%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

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