Ram Ratna Wires to Acquire Additional 4% Stake in Subsidiary Tefabo Product for Rs. 2 Crores 400

Ram Ratna Wires Ltd. has announced its decision to acquire an additional 4% of the paid-up share capital of its subsidiary, Tefabo Product Private Limited, for a total consideration of Rs. 2 Crores 400. The acquisition will increase Ram Ratna Wires' shareholding in Tefabo to 64% from the current 60%. Tefabo, a closely held unlisted company, is a leading manufacturer of fabricated components and assemblies with a strong presence in the renewable energy sector. The acquisition is expected to deepen strategic alignment and enhance collaboration between the two entities, leading to operational synergies and long-term value creation.