Corporate Updates: R R Kabel, Gulf Lloyds & Tech Mahindra
By ThePip Desk
Stay updated with key corporate news: R R Kabel acquires U M Cables for Rs 77 crore, Gulf Lloyds secures Rs 18.42 crore orders, and Tech Mahindra partners with Verato.
R R Kabel Acquisition
R R Kabel received board approval on September 24, 2026, to acquire the business undertaking of U M Cables through a slump sale on a going concern basis. The transaction involves a lump sum purchase consideration of Rs 77 crore.
- Acquiring Entity: R R Kabel
- Target Undertaking: U M Cables
- Parent Company of Target: Usha Martin
- Approval Date: September 24, 2026
- Deal Value: Rs 77 crore
U M Cables operates as a wholly-owned subsidiary of Usha Martin, specializing in the manufacture and sale of optical fibre and related cables. This deal directly executes the corporate objective of entering the optical fibre cable segment to broaden the communication cable portfolio.
Gulf Lloyds Orders
Gulf Lloyds (India) has secured new purchase orders valued at Rs 18.42 crore. These orders are scheduled for execution over the next two years.
- Company: Gulf Lloyds (India)
- Order Value: Rs 18.42 crore
- Execution Timeline: Next two years
The newly secured contracts add fresh order book value for execution within the specified timeframe.
Tech Mahindra Partnership
Tech Mahindra has entered into a strategic partnership with Verato. This collaboration aims to bring advanced solutions to the market.
- Technology Partner: Tech Mahindra
- Collaborator: Verato
- Offering: Verato MDM Cloud solution
- Service Area: Healthcare transformation service
The partnership integrates specialized cloud solutions to drive digital transformation initiatives.