Rama Steel Tubes (RSTL) has acquired 51% stake in Ashoka Infrasteel, a partnership firm and 50% stake in Hagar Mega Mart (HMMPL) by issuance of fresh shares of the company.
The acquisition of Ashoka Infrasteel is expected to give RSTL an access to its vast distribution network spread across the nation and will provide market intelligence in a timely manner which will aid product innovation and development. The acquisition will help RSTL leverage the distribution network enabling deeper market penetration in the existing markets while opening opportunities in the newer markets.
The acquisition of HMMPL enables the company to enter into a new segment of Sanitary ware, bathroom accessories, faucets, vanities, sinks & drains in different finishes and varieties. Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
