Pine Oak sold 1 crore shares of Rama Steel Tubes Limited for ₹5 crore at ₹5.00 apiece in a bulk deal.
One of India's leading manufacturers of steel pipes, tubes, and rigid PVC products, the company serves construction, infrastructure, and industrial sectors nationwide. Established in 1974, it produces a diverse range including galvanized iron pipes and square section products for multiple applications. The company operates integrated manufacturing facilities across India, maintaining a strong presence in both domestic and export markets.
Pine Oak Global Fund is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has invested across sectors such as logistics, textiles, infrastructure, pharmaceuticals, and solar.