Target Entity: Ratnaveer Precision Engineering Limited
Type of Deal: Minority acquisition through secondary market purchase
Stake/Capacity: 265,000 equity shares acquired, representing approximately 0.37% of the paid-up equity share capital of Ratnaveer Precision Engineering Limited
Deal Value: ₹8,83,33,245 (Rupees Eight Crores Eighty-Three Lakhs Thirty-Three Thousand Two Hundred and Forty-Five only), inclusive of brokerage
Price per Share: Weighted Average Price of ₹333.33 per equity share (face value ₹10 each)
Funding Source: Cash consideration
Financial Impact: Not disclosed in terms of revenue contribution, EBITDA impact, margin profile, or accretion/dilution
Timeline: Acquisition completed on September 26, 2026, in accordance with the settlement norms of the Exchange
Strategic Rationale: The investment is described as part of the company's investment activity. No specific strategic rationale such as expansion, diversification, vertical integration, or technology acquisition is disclosed.
Approval Status: Completed transaction, no governmental or regulatory approvals required
Target Company Background:
Ratnaveer Precision Engineering Limited is a manufacturer and exporter of stainless steel products, catering to industries including automotive, solar, pharmaceutical, railways, aerospace and construction.
- Incorporated: February 20, 2002
- Listed on BSE and NSE: September 11, 2023
- Financial Performance:
- FY 2025-2026 Turnover: ₹1,068.74 crores
- FY 2024-2025 Turnover: ₹891.88 crores
- FY 2023-2024 Turnover: ₹595.38 crores
- FY 2025-2026 Profit After Tax: ₹64.31 crores
- Capital Structure:
- Authorised Capital: ₹85,00,00,000
- Paid Up Capital: ₹67,99,52,350
- Geographic Presence: Across India