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Deal● Neutral for R R Kabel
Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore
The brief
- Usha Martin approved a ₹77 crore slump sale of U M Cables’ optical fibre business to R R Kabel
- The asset sale directly affects Usha Martin and R R Kabel investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| USHAMART | Fri, 25 Sept | −0.8% | −1.2% | 0.3× | −0.8% · Nifty +0.3% |
Usha Martin’s optical fibre business sale
Usha Martin approved the sale of U M Cables’ optical fibre manufacturing business undertaking to R R Kabel for ₹77 crore. The acquisition marks R R Kabel’s entry into the optical fibre cable segment.
Friday, 25 September
- Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore