RR Kabel to acquire U M Cables' Optical Fibre Cable business for Rs 77 crore
RRKABEL · price
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R R Kabel's Board has approved the acquisition of the Optical Fibre Cable business of U M Cables Limited, a wholly-owned subsidiary of Usha Martin. The deal is a slump sale on a going concern basis for a lump-sum cash consideration of Rs 77 crore. This marks RR Kabel's entry into the Optical Fibre Cable segment and complements its existing cable portfolio. The acquisition provides ready manufacturing assets, existing approvals and an operating track record, helping RR Kabel enter the segment faster than building capabilities organically.
Strategic entry into the fast-growing OFC segment with ready manufacturing assets. Deal is small but strengthens RR Kabel's communication cables portfolio.