Ratnamani Metals & Tubes Limited (BSE:520111) entered into the Definitive Agreement to acquire 27% stake in Ravi Technoforge Private Limited INR 498.6 million on October 5, 2022. For the Financial year 2021-2022, Ravi Technoforge reported EBITDA of INR 359.5 million, Profit after tax of INR 101.7 million, Net worth of INR 703.2 million, and Revenue of INR 2.8 billion. Transaction is expected to close within thirty days.

Ratnamani Metals & Tubes Limited (BSE:520111) completed the acquisition of 27% stake in Ravi Technoforge Private Limited on October 28, 2022.