Business Transfer Agreement Executed to Acquire U M Cables' Business Undertaking via Slump Sale
R R Kabel has executed a Business Transfer Agreement on 25 September 2026 with U M Cables Limited (a wholly-owned subsidiary of Usha Martin Limited) and Usha Martin Limited.
By ScoutQuest · · 1 min read
- Transaction Type
- Business Transfer Agreement (slump sale on going concern basis)
- Buyer
- R R Kabel Limited
- Target
- U M Cables Limited (UMCL) Business Undertaking
- Target Parent
- Usha Martin Limited
- Execution Date
- 25 September 2026
What was shared
R R Kabel has informed the exchanges that a Business Transfer Agreement was executed on 25 September 2026.
The parties to the agreement are
- R R Kabel Limited (the buyer)
- U M Cables Limited (UMCL), a wholly-owned subsidiary of Usha Martin Limited
- Usha Martin Limited
Nature of the transaction
The agreement is for the purchase and acquisition of UMCL's Business Undertaking by R R Kabel, by way of a slump sale on a going concern basis.
A slump sale means an entire business unit is transferred as a whole for a lump-sum consideration, rather than by valuing each asset separately. "Going concern" means the business is taken over in running condition, with its operations continuing.
Context
This intimation is a continuation of the company's earlier disclosure dated 24 September 2026, when the detailed acquisition disclosures required under Regulation 30 were made to the stock exchanges. The present update confirms that the definitive agreement has now been signed.
How investors may read it
Signing of a definitive agreement moves a previously announced transaction from intent to contract. Completion would typically depend on the terms and conditions of the agreement. Investors may watch for subsequent updates on closing of the transaction.
Also from R R Kabel
Board meeting on 28 October 2026 to consider Q2 results and interim dividend
23 Oct 2026
Board approves acquisition of U M Cables' Optical Fibre Cable business for ₹77 crore via slump sale
25 Sep 2026
Board approves acquisition of U M Cables' business undertaking via slump sale for Rs. 77 crores
24 Sep 2026
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