Business Undertaking of U M Cables transferred to the company by slump sale
R R Kabel has completed the purchase and acquisition of the Business Undertaking of U M Cables Limited (UMCL).
By ScoutQuest · · 1 min read
- Transfer mode
- slump sale, on a going concern basis
- Effective date
- closing hours of 31 October 2026
- Agreement execution date
- 25 September 2026
What the update says
- The Business Undertaking of U M Cables Limited (UMCL) has been transferred to R R Kabel Ltd.
- The transfer was by way of a slump sale, on a going concern basis.
- It took effect from the closing hours of 31 October 2026.
- The Business Transfer Agreement was executed on 25 September 2026 among the company, U M Cables Limited and Usha Martin Limited.
- The company describes this as completion of the purchase and acquisition of the Business Undertaking.
What a slump sale means
In a slump sale, a business is sold as one whole undertaking rather than as separate assets sold one by one. The update says the transfer is on a going concern basis, which means the business is treated as a continuing operation.
Why it is being announced
The company had earlier intimated the transaction on 24 September 2026 and 25 September 2026. This update confirms that the transfer has since taken place.
What to take away
The step announced here is the closing of a transaction that was already communicated to the exchanges. The Business Undertaking of UMCL has moved to R R Kabel as a running business, by way of a slump sale.
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