R R Kabel to buy U M Cables business for Rs 77 crores
RRKABEL · price
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R R Kabel board approved acquiring U M Cables Limited's optical fibre cable business from Usha Martin via slump sale for Rs 77 crores cash. U M Cables had FY26 turnover of Rs 78.19 crores, down from Rs 135.34 crores in FY24. Deal helps R R Kabel enter optical fibre cable segment and expand communication cables. Not a related party deal. Expected to close within 60 days.
Expands product line into optical fibre cables, diversifies beyond existing wires business. Modest size, non-related party, all-cash deal limits risk.