Acquisitions11 Oct 2025, 01:51 pm
JTL Industries Acquires RCI Industries & Technologies for Rs. 46.50 Crores
AI Summary
JTL Industries Ltd. has received approval from the National Company Law Tribunal for the acquisition of RCI Industries & Technologies Limited, a company undergoing Corporate Insolvency Resolution Process. The acquisition, costing Rs. 46.50 Crores, will allow JTL to broaden its portfolio with flat and round non-ferrous metal products, particularly copper. RCI's assets are attractively valued, providing a high-value acquisition opportunity for JTL. The acquisition is to be completed within 60 days from the date of NCLT approval order and will give JTL 95% shareholding in RCI.
Key Highlights
- JTL to acquire RCI Industries & Technologies for Rs. 46.50 Crores
- Acquisition to broaden JTL's portfolio with flat and round non-ferrous metal products
- RCI's assets attractively valued, providing a high-value acquisition opportunity for JTL
- Acquisition to strengthen JTL’s market appeal and positions to meet a wider range of industrial demands in the non-ferrous sector
- JTL to acquire 95% shareholding in RCI