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.
Timeline
Friday, 25 September
- R R Kabel forays in optical fibre cable business
R R Kabel is entering the optical fibre cable business
- R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition
R R Kabel acquired U M Cables for ₹77 crore, entering optical fibre cables
- Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore
Usha Martin approved a ₹77 crore slump sale of U M Cables’ optical fibre business to R R Kabel
