Rama Steel Tubes acquires Automech Group for ₹728 crore
after close1 source ↓written by the desknot a recommendation
- AED 296 million
- ₹728 crore
Rama Steel Tubes Limited has announced its acquisition of Automech Group for ₹728 crore (AED 296 million). This strategic move aims to enhance its position as a solutions-led engineering firm in the GCC and MENA regions. The deal involves a three-party share purchase agreement, focusing on operational synergies and value enhancement.
Not investment advice. For informational purposes only.