News for Ram Ratna Wires Limited (RAMRAT.BO)

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Ram Ratna Wires Limited acquires 60% stake in Tefabo Product Private Limited, targeting renewable energy and railways sectors.

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RR Kabel IPO | The much-awaited listing of its equity shares on the BSE and NSE will commence with effect from September 26.

RR Kabel, incorporated in 1995, provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.

RR Kabel IPO: The global private equity firm TPG-backed company has finalised allocation of 56,58,201 equity shares to anchor investors at a price of Rs 1,035 per share.

RR Kabel sets ₹983-1,035/share price band for IPO to raise ₹1,964cr. Offer includes fresh issue of ₹180cr and sale of 1.72cr equity shares by selling shareholders. Eligible employees get ₹98/share discount. Anchor investor bidding opens Tues, listing likely on Sept 26. Proceeds to repay loan of ₹136cr and for general corporate purposes. Offer for sale includes 1.29cr shares by TPG Asia VII SF, 7.54lakh by Kabra family and 7.07lakh by Kabel Buildcon Solutions. Company produces consumer electrical products for residential, commercial, industrial and infrastructure purposes.

RR Kabel, incorporated in 1995, provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes.

Five companies are scheduled to hold meetings between August 10 to August 16 in order to consider and approve bonus issues of shares. These companies are Yug Décor Ltd, M Lakhamsi Industries, Pondy Oxides & Chemicals Ltd, Ram Ratna Wires Ltd and Shubham Polyspin Ltd.