Acquisitions24 Sept 2026, 09:56 pm
R R Kabel Acquires UM Cables' Undertaking for ₹77 Cr
AI Summary
R R Kabel Limited announced its Board of Directors has approved the acquisition of the business undertaking of U M Cables Limited, a wholly-owned subsidiary of Usha Martin Limited. The acquisition, which involves the manufacturing and selling of Optical Fibre and related Cables, will be conducted via a slump sale for a lump sum consideration of Rs. 77 crores. This strategic move aims to expand R R Kabel's presence in the communication cable segment and enhance its product offerings. The transaction is expected to be completed within 60 days from the execution of the Business Transfer Agreement, subject to certain conditions.
Key Highlights
- R R Kabel to acquire UM Cables' Optical Fibre Cable business.
- Acquisition to be completed via slump sale for ₹77 crores.
- Strategic move to expand presence in communication cable segment.
- Transaction subject to working capital adjustments and conditions.
- Expected completion within 60 days of BTA execution.
Price Impact
More from RRKABEL