Rama Steel Tubes Ltd (NSE: RAMASTEEL): This company is Rama Steel Tubes Ltd. The company announced four bonus shares for one in 2023.
At the same time, after giving two bonus shares for one in 2024, the company is now going to enter defense. In addition in 2016, the company granted bonus shares.
Then the company gave 4 bonus shares for one. Now the company has provided information on the exchange.
Big news has come about Rama Steel Tubes Ltd. The company claims it is now in the defense industry.
The company has started a new subsidiary company. This announcement was made on the 3rd of September, 2024, Tuesday.
At the same time, on 4 September 2024, the company said that it had signed a big deal for Renewable Energy. Its effects are evident when you look at the inventory.
Rama Steel Tubes Ltd is an Indian-based business. It’s engaged in the production and trade of steel pipe.
According to data from bulk deals that are available on NSE The American-based Minerva Ventures Fund has acquired 1.50 crore shares of Rama Steel Tubes Ltd at the price of 10 rupees per share. It’s equivalent to an investment of 15 crore rupees.
In the same way, Ebisu Global Opportunities Fund has purchased 3 crore shares for 10 rupees per share. This is an investment of nearly 30 crore rupees.
The company said in the information released on the exchange that the name of the new company is Rama Defence Private. The promoters’ stake in the company is 56.33 percent. In March 2024, the stake was 56.7 percent (57 %).
Quick Fact
| Company name | Rama Steel Tubes |
|---|---|
| Bonus shares 2023 | 4 for 1 |
| Bonus shares 2024 | 2 for 1 |
| Industry entry 2024 | Defense |
| New subsidiary | Rama Defence Private |
| New deal | Renewable Energy |
| Deal announcement date | 4 September 2024 |
| Company origin | India |
| Business type | Steel pipe production and trade |
| Minerva Ventures Fund investment | ₹15 crore |
| Minerva Ventures Fund shares acquired | 1.5 crore shares |
| Ebisu Global Opportunities Fund investment | ₹30 crore |
| Ebisu Global Opportunities Fund shares acquired | 3 crore shares |
| Promoter stake September 2024 | 56% |
| Promoter stake March 2024 | 57% |
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