Deutsche Bank

Deutsche Bank picks 20% stake in Mumbai-based Rama Cylinders

Deutsche Bank picks 20% stake in Mumbai-based Rama CylindersDeutsche Bank AG, Germany’s biggest bank, has decided to acquire 20% stake in Rama Cylinders, a Mumbai-based high-pressure cylinder manufacturer, for Rs 84 crore.

According to sources, the deal values Vashu Ramsinghani-promoted Rama Cylinders at Rs 420 crore. The transaction involves issue of around 60 lakh equity shares and warrants to Deutsche Bank by the Indian company.