Rama Steel Tubes Limited has announced its plans to acquire a 24.81% stake in Bigwin Buildsys Coated Private Limited for Rs 7.51 crore. This strategic acquisition is part of the company’s initiative to diversify into green energy solutions, focusing on solar structures. The deal will be executed through the issuance of fresh equity shares by Rama Steel Tubes, subject to shareholder and regulatory approvals.
The acquisition is expected to bolster the company’s capabilities in solar and green energy infrastructure, aligning with global sustainability goals. Bigwin Buildsys Coated Private Limited is registered in Mumbai and is involved in innovative coated steel solutions, which will complement Rama Steel’s existing portfolio.
Additionally, Rama Steel Tubes has scheduled an Extraordinary General Meeting (EGM) for January 4, 2025, to seek shareholder approval for the acquisition and related matters. The e-voting for this meeting will be held from January 1 to January 3, 2025. This move signifies Rama Steel’s commitment to expanding its footprint in the renewable energy sector and driving future growth through strategic partnerships and investments.
