Ratnamani Metals and Tubes Limited (RMTL) has executed a share purchase agreement with Technoenergy AG, Switzerland to purchase the entire shareholding held by it in Ratnamani Trade EU AG, Switzerland.
Sept 06, 2025
Ratnamani Metals and Tubes Limited (RMTL) has announced that the company has executed a share purchase agreement with Technoenergy AG, Switzerland to purchase the entire shareholding held by it in Ratnamani Trade EU AG, Switzerland.
Ratnamani Trade EU AG was incorporated to become the exclusive trading house to import and distribute various categories of stainless-steel products in Europe, which are manufactured by RMTL under its brand, to help RMTL to develop its local presence, branding, superior servicing to European customers and also to meet the faster delivery commitments by maintaining the stock of its key products.
The company shall purchase 40,000 shares of EUR 10 each, at a purchase price of EUR 4,00,000 in Ratnamani Trade EU AG, Switzerland, the subsidiary company, thereby Ratnamani Trade EU AG shall become a wholly owned subsidiary company of the company.
The Board of Directors gave authority to the executives of the company to finalise the terms and conditions and execute the agreement at its meeting held on August 1, 2025.
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Technoenergy AG is not related to the promoter / promoter group in any manner. However, RMTL has incorporated a subsidiary company namely Ratnamani Finow Spooling Solutions Private Limited (RFSS) in India wherein Technoenergy AG is a joint venture partner holding 49% in the share capital of RFSS.
