The acquisition of Ashoka lnfrasteel enables Rama Steel Tubes to go a step further into the distribution chain and consolidate its market in the galvanized steel pipes segment.
The acquisition of Hagar Mega Mart enables the company to enter into a new segment of Sanitary ware, bathroom accessories, faucets, vanities, sinks & drains in different finishes and varieties.
Total consideration for expansion initiatives is upto Rs 33 crore . The discharge of consideration is through issuance of fully paid of equity shares of RSTL aggregating to maximum amount of Rs 32 crore at a price as may be determined in accordance with SEBI (ICDR) Regulations,2OtB and remaining through cash consideration.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app