Withdraws Major Share Issue for Acquisition
Rama Steel Tubes Limited · RAMASTEEL · NSE ·
The company has withdrawn its plan to issue up to 15.34 crore new equity shares to non-promoters. This preferential issue was intended to fund the acquisition of a 21.62% stake in Abu Dhabi-based Automech Group Holding Limited. The withdrawal was caused by a "procedural impasse"…