Rama Steel Tubes has received approval for further investment in RST International Trading FZE (U.A.E) (wholly owned subsidiary of the company) by way of acquisition of shares. The proposed equity infusion will be utilized to support the subsidiary's expansion plans, explore additional business opportunities, and facilitate future growth initiatives. The cost of the acquisition is AED 36 million comprising of 36000 shares of AED 1000 each. The acquisition is expected to be completed in 4-6 months.
The board of directors of the company in its meeting held on November 25, 2025 has considered and approved the same.
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.
