Rama Steel Tubes Ltd (RSTL) has approved the joint acquisition of Automech Group Holding Limited, a UAE-based engineering and industrial services conglomerate, for AED 296 million (approximately ₹728 crore). The decision was cleared by the company’s board at a meeting held on December 11, 2025.

Under the transaction structure, RST International Trading FZE, RSTL’s wholly-owned subsidiary, will acquire 78.38% of Automech Group for AED 232 million, while Rama Steel Tubes Ltd will purchase the remaining 21.62% for AED 64 million. The company said the ₹64 crore equivalent will be settled through the issuance of fresh equity shares of RSTL, subject to approvals, stated the exchange filing.

Automech Group, registered under the Abu Dhabi Global Market (ADGM), comprises eight subsidiaries opera

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