Acquisitions25 Sept 2026, 05:02 pm
R R Kabel to Acquire UM Cables' Business Undertaking
AI Summary
R R Kabel Limited has executed a Business Transfer Agreement to acquire the entire business undertaking of its wholly-owned subsidiary, U M Cables Limited (UMCL), from Usha Martin Limited. The acquisition will be conducted via a slump sale on a going concern basis. This move follows earlier intimations regarding the transaction, with relevant disclosures made as per SEBI Listing Regulations. The company has also updated its website with this information.
Key Highlights
- R R Kabel to acquire business undertaking of U M Cables Limited.
- Transaction is structured as a slump sale on a going concern basis.
- Acquisition is being made from Usha Martin Limited.
- Deal executed as per SEBI Listing Regulations.
- Further details were previously intimated on 24 September 2026.
Price Impact
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