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

R R Kabel Ltd on Friday (September 25) said it has signed an agreement to acquire the business undertaking of U M Cables Ltd (UMCL), a wholly owned subsidiary of Usha Martin Ltd, for ₹77 crore in cash.The acquisition will be undertaken through a slump sale on a going-concern basis. R R Kabel, UMCL…