Ratnamani Metals & Tubes Limited (RATNAMANI) — Announcement | 23 June 2026

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Ratnamani Metals & Tubes announced it subscribed to 75 equity shares representing 75% of Saudi Arabia Riyal 20,000 each in its newly formed joint venture company Ratnamani Middle East Company LLC, paying SAR 15 lakh to acquire the stake, marking its entry into the Saudi market through a 75-25 joint venture with SESCO Group.

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About Ratnamani Metals & Tubes Limited (RATNAMANI)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹18,878.58 Cr P/E: 35.5

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