A US-based PE Firm to Acquire a 21 Percent Stake in RR Kabel
TPG Capital, a private equity firm announced that it has acquired a considerable minority stake in wires and low-voltage cables manufacturer RR Kabel Ltd.
However, the financial details of the deal have not been disclosed yet. The PE firm is expected to acquire a 21 percent stake in RR Kabel Ltd and Ram Ratna Electricals Ltd, both part of the diversified Ram Ratna Group.
“Within the building materials segment, we have witnessed a growing consumer preference for established and organised brands like RR Kabel,” said Puneet Bhatia, co-managing partner at TPG Capital Asia. “This, combined with India’s strong housing market, positions the company well for significant growth.”
This acquisition might be a plus point for the company as TPG would help it to expand its product offerings and inc...