Khaitan & Co acts on RR Kabel acquiring U M Cables

RR Kabel Limited has acquired the business of manufacture and sale of Optical Fibre and related cables from the U M Cables Limited, a wholly owned subsidiary of Usha Martin Limited, by way of a slump sale. 

Khaitan & Co advised RR Kabel on this acquisition.

The transaction was led by Bhavik Narsana (Partner), Kinshuk Jhunjhunwala (Partner), Ipshita Dey (Senior Associate) and Kamayani Mittal (Associate). The following provided support:

Direct Tax Aspects: Vinita Krishnan (Executive Director), Viraj Doshi (Principal Associate) and Bharat Jain (Principal Associate).

Indirect Tax Aspects: Mayank Jain (Partner) and Pranay Sahay (Principal Associate).

Khaitan & Co advised U M Cables on this transaction.

The core transaction team consisted of Anuj Shah (Partner), Prithwijit Gangopadhyay (Partner), Vibhav Seth (Principal Associate), Sanjana Dwivedi (Senior Associate) and Yashvi Chandak (Associate).

The deal team was assisted by the following:

Direct tax aspects: Sneh Shah (Partner) and Pal Jain (Associate);

Indirect tax aspects: Arvind Baheti (Executive Director)

SEBI regulatory aspects: Sharad Abhyankar (Partner) and Saranya Mishra (Principal Associate).

The acquisition marks RR Kabel’s entry into the Optical Fibre Cable segment and is an important step in expanding RR Kabel’s presence in the broader communication cables market. It will complement RR Kabel’s existing cable portfolio and broaden its range of solutions across communication infrastructure applications.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.