Skip to content
Saturday, June 10
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • Samira Habitats honoured with the Times Realty Award 2023 for their Vision & Contribution to the Development of Alibag at the Times Real Estate Conclave & Awards 2022-23
  • VMGM college is going to set a world record with the World Records Community
  • How Mrs. Bector’s Foods Honors Super Moms with a Heartfelt Campaign
  • Introducing Vagabond Holidays: A New Era of Travel with Get Visa Services
  • India’s first wearable device, Migraelief to treat migraine headaches and mental health problems
  • Digirestro Welcomes Nikhil Kitukale as VP of Product & Growth, Strengthening F&B Tech Solutions.
Home>>Business>>Rama Steel Tubes Ltd. Board consents to issue convertible warrants as Company looks to raise funds
Business

Rama Steel Tubes Ltd. Board consents to issue convertible warrants as Company looks to raise funds

The Prime India Online Desk
April 22, 2022

Eriska Investment Fund Picks up stake

New Delhi (India), April 22: Rama Steel Tubes Limited (RSTL) (BSE: 539309, NSE: RAMASTEEL) is a pioneer and leading manufacturer in the steel tube industry. The company has announced that the board of the company has consented to raise funds by issuance of fully convertible warrants, convertible in to equity shares to the specified people in the promoter and non-promoter group. The company will issue 34,35,000 convertible warrants, each carrying a right exercisable by warrant holder to subscribe to one (1) equity share against each warrant at a price to be determined later. The company will take shareholders’ approval for the issuance of the fully convertible warrants.

Further, as per bulk deal data available on NSE, Eriska Investment Fund Ltd. picked up 100,000 shares of Rama Steel Tubes Ltd. at an average price of Rs. 430 on 20 April 2022.

Earlier in January, the company had inked exclusive arrangement for supply of specialty steel SKUs in Nigeria, West Africa, through RST Industries Ltd. (a stepdown subsidiary of RSTL). RST industriesLtd., Nigeria signed annual contract with Huihai Group Ltd, Hong Kong where RST industries Ltd will have an exclusive arrangement for supply of specialty steel SKUs of – 15,000 MT per annum in Nigeria.

RSTL has been continuously striving to improve its performance by increasing sales, share of value-added products, innovating new products and aggressive cost optimization on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, IS:3601, & IS:4270 and G.I. Pipes from 15mm to I-50mm NB in light, medium and heavy sizes. RSTL has 20% exports rate, with a global presence in more than 15 Countries.

RSTL has a subsidiary in UAE and a step-down subsidiary in Nigeria which has strengthened the company/s presence in global markets. RSTL has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. RSTL has 4 state-of-art manufacturing capabilities located at Sahibabad (U.P.), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has got strong distributor network spread across lndia.

Related tags : Business

Previous Post

Noida’s Harit Upwan Sorakha is a ‘Green Lung’ in the centre of a concrete jungle

Next Post

Excelling Contributors In Sustainable Development of India Gets Honoured at Vivekananda Sustainability Summit 2022

Related Articles

Business

Siddhavelayutham, CEO of Alice Blue, Explores the Transformative Power of Technology in the Trading Industry

Business

SG Analytics welcomes Sid Banerjee as New CEO

Business

Producer Raju Bharati used to distribute newspapers, now his Hindi film “Bera Ek Aghori” is releasing on April 28th 2023

Business

2nd day of the Cinetalkies, Azadi ka Amrit Mahotsav hosted by Sanskar Bharti concludes with aspiring smiles

Business

KSB Limited records outstanding growth in the fourth quarter- Oct’22 to Dec’22

Recent Posts

  • Samira Habitats honoured with the Times Realty Award 2023 for their Vision & Contribution to the Development of Alibag at the Times Real Estate Conclave & Awards 2022-23
  • VMGM college is going to set a world record with the World Records Community
  • How Mrs. Bector’s Foods Honors Super Moms with a Heartfelt Campaign
  • Introducing Vagabond Holidays: A New Era of Travel with Get Visa Services
  • India’s first wearable device, Migraelief to treat migraine headaches and mental health problems

Recent Comments

    © 2023 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release