R R Kabel buys U M Cables for ₹77 crore to enter fibre
In short
R R Kabel said it is entering the optical fibre cable business by buying U M Cables for ₹77 crore. The stock ended at ₹2,531.00 on the BSE, down ₹1.15, or 0.045%.
This matters because the deal expands the company into a new cable segment. The report does not say when the purchase will close or how much it could add to earnings.
What the reporting says
R R Kabel entered the optical fibre cable segment through a ₹77 crore acquisition of U M Cables, according to the headline and publisher summary. The available snippet also says RR Kabel shares ended at ₹2,531.00, down ₹1.15 or 0.045% on the BSE. The reporting does not say when the acquisition closes or what contribution the new segment may make.
Why it matters
R R Kabel's ₹77 crore purchase of U M Cables marks a move into the optical fibre cable segment. The market reaction in the snippet was muted, with shares ending at ₹2,531.00, down ₹1.15 or 0.045% on the BSE. The strategic impact is expansion into a new business line, but the closing timeline and financial effect are not stated.