Acquisitions1 Nov 2026, 10:30 am
R R Kabel Completes Acquisition of U M Cables Business
AI Summary
R R Kabel Ltd has announced the completion of the acquisition of the business undertaking of U M Cables Limited (UMCL) through a slump sale. This transaction, effective from the closing hours of October 31, 2026, follows a Business Transfer Agreement executed on September 25, 2026. The company had previously intimated the stock exchanges about this deal on September 24 and 25, 2026, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This acquisition is expected to integrate UMCL's operations into R R Kabel's existing business structure.
Key Highlights
- R R Kabel Ltd has successfully acquired the business undertaking of U M Cables Limited.
- The acquisition was completed via a slump sale, effective October 31, 2026.
- The transaction was based on a Business Transfer Agreement signed on September 25, 2026.
- Prior intimations regarding the deal were made to stock exchanges on September 24-25, 2026.
Price Impact
More from RRKABEL