Hariom Pipe Industries Limited (NSEI:HARIOMPIPE) entered into Asset Transfer Agreement to acquire operating Asset of M/S. R.P.Metal Sections from R.P.Metal Sections Private Limited for INR 550 million on December 26, 2022. This purchase of Asset is subject to obtaining certain permissions and approvals for transfer of license(s) from M/s R.P.Metal Sections Private Limited to M/s Hariom Pipe Industries Limited. The vendor R.P.Metal Sections Private Limited) is required to take NOC/approval from SIPCOT (State Industries Promotion Corporation of Tamil Nadu) to transfer the Lease agreement in the name of Hariom Pipe Industries Limited and all other transfer of Licenses.