Last Updated : Monday, September 23, 2019 21:57:03

RAMA STEEL TUBES incorporates subsidiary company to tap NIGERIAN biz

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT –  In a regulatory update submitted to the Indian Stock Exchanges, New Delhi headquartered Rama Steel Tubes Ltd said of having incorporated wholly owned subsidiary company in Nigeria.

In a regulatory update filing as submitted to the Indian Bourses, the company said that, This is to inform that RST International Trading FZE, Dubai, a wholly owned subsidiary of the Rama Steel Tubes Limited (“the Company”), has incorporated “RST Industries Limited”, as subsidiary company in the Federal Republic of Nigeria to tap business opportunities and to cater diversified demand of the customers in that region.

RST Industries Limited is a private company limited by shares.

The issued and paid up share capital of RST Industries Ltd is N 10,000,000 (Ten Million Naira) divided into 10,000,000 ordinary shares of N1 each.

RST International Trading FZE holds 90% shares in RST Industries Ltd.

Consequently, RST Industries Ltd has become a step down subsidiary of the Company.


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