Ram Ratna Wires Limited has informed the Exchange about entering into Share Purchase Agreement ( SPA ) on July 1, 2025, for the acquisition of additional 4% stake in Tefabo Product Private Limited
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Ram Ratna Wires Limited has completed the acquisition of an additional 4% equity stake in its subsidiary, Tefabo Product Private Limited, by entering into a Share Purchase Agreement (SPA) on July 1, 2025. Prior to this acquisition, the company held 60% in Tefabo, and post-acquisition its stake will increase to 64%. The balance 36% continues to be held by Mr. Anup Balkrishna Vaidya, the selling shareholder. The transaction qualifies as a related party transaction since Tefabo is a subsidiary, and it has been carried out at arm's length price with approval from the Audit Committee and the Board. No additional special rights are being acquired as part of this transaction; the company already had the requisite special rights from a prior SPA dated November 7, 2024.
This is a marginal increase in an already-existing subsidiary, reinforcing Ram Ratna Wires' controlling interest in Tefabo rather than introducing a new material business. Shareholders are unlikely to see a significant impact on the stock price, though the deal is a routine consolidation of subsidiary ownership.