Usha Martin Limited sells U M Cables Limited to R R Kabel
What happened
Usha Martin Limited announced the sale of its wholly-owned subsidiary, U M Cables Limited, to R R Kabel Limited on September 1, 2026. The transaction, which involves the transfer of U M Cables Limited's entire business undertaking, was approved by the board of directors of Usha Martin Limited. The sale is structured as a going-concern slump sale for a consideration of ₹77 crore, subject to working capital adjustments.
From equitybulls.com
Why it matters
The divestment allows Usha Martin Limited to streamline its portfolio and sharpen its focus on its core wire and wire ropes business. R R Kabel Limited, a listed public company engaged in manufacturing cables and appliances, acquires the business that specializes in optical fibre and telecommunication cables.
From equitybulls.com
Who's involved
- board of directorsThe board of directors of Usha Martin Limited approved the sale of the subsidiary.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- HavellsSpeculative
Havells might see increased market share and capability from a competitor in the cable segment.
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The entities involved
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board of directors
group of people who jointly supervise the activities of an organization