Ratnamani Metals & Tubes Limited
Nalanda Capital trimmed its stake in Ratnamani Metals & Tubes from 6.82% to 6.79%, selling 20,076 shares.
A manufacturer of stainless steel and carbon steel pipes and tubes, Ratnamani Metals operates integrated production facilities across India. The company specializes in seamless and welded pipe solutions for diverse industrial applications including oil and gas, power, petrochemicals, and chemical sectors. Its vertically integrated operations and dedicated manufacturing infrastructure enable consistent quality control and efficient production of specialized piping products for domestic and international markets.
Singapore-based investment firm founded in 2007 by Pulak Prasad, formerly co-head of Warburg Pincus in India. It invests only in listed Indian companies, taking large, long-held stakes in a small number of high-quality mid and small caps and rarely selling. It manages about US$5 billion, mainly for US endowments, foundations and family offices, and holds stakes of up to about 10% in companies like Cera Sanitaryware, AIA Engineering, Amara Raja, Page Industries and Jyothy Labs.