Deal▲ Bullish for R R Kabel

R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition

1 source · first seen 17:14 25 Sept · updated 17:14 25 Sept

The brief

Written from 1 report · check the source before you trade

R R Kabel acquired U M Cables for ₹77 crore, entering optical fibre cables
R R Kabel shares ended at ₹2,531, down 0.045%
R R Kabel investors gain exposure to the company’s move into optical fibre cables

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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

19:24
R R Kabel forays in optical fibre cable business
17:14You are here
R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition
12:04
Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore

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1 report · earliest 17:14

CNBC-TV18R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition17:14