Announced Fri, 17 Jul · 18:11 IST
Rama Steel Tubes to sell non-core Sahibabad unit for Rs 26.75 Cr
Strategic Transactions View source PDF
RAMASTEEL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹4.35
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Rama Steel Tubes board approved selling a non-core unit (land and shed only) at Sahibabad Industrial Area, Ghaziabad, to Paras Buildwell LLP for Rs 26.75 Crore. The unit contributed no revenue or net worth in the last financial year. The sale is not a related party transaction and is not part of any scheme of arrangement.
Likely market impact
Sale of idle non-core asset brings in Rs 26.75 Cr cash with no revenue impact. Marginally positive for balance sheet.