Skyrise Mercantile Limited acquired 5,00,000 shares of Remi Edelstahl Tubulars Limited for ₹9.00 Cr at ₹180.00 apiece through a preferential offer, raising its stake from 0% to 3.72%.
A manufacturer of stainless steel pipes and tubes, Remi Edelstahl Tubulars produces seamless and welded tubular products for industrial applications across multiple sectors. Established in 1970, the company operates integrated manufacturing facilities with in-house capabilities for stainless steel processing and quality control. Its products serve the oil and gas, power generation, chemical processing, and petrochemical industries in both domestic and international markets.
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