iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

TPG Asia to sell 5% stake in RR Kabel in a block deal

29 May 2024 , 10:57 PM

US-based private equity firm TPG Asia is planning to sell its entire 5% stake in wire and cable manufacturer RR Kabel Ltd through block deals. This transaction involves offloading over 56 lakh shares at approximately ₹1,718 per share, amounting to around ₹1,000 crore.

RR Kabel Ltd, a part of RR Global Group, is a prominent player in the Indian consumer electrical industry, specializing in wires and cables as well as fast-moving electrical goods (FMEG). The company boasts over 20 years of operating history in India and has demonstrated significant growth in recent years.

RR Kabel has been the fastest-growing consumer electrical company among its peers in India, with a compound annual growth rate (CAGR) of 33% between FY20 and FY22. It is also the largest exporter of wires and cables from India by value, holding about an 11% market share in exports. Additionally, RR Kabel has one of the most extensive networks of electricians, covering 147,810 electricians across India.

Shares of RR Kabel Ltd closed at ₹1,718.25 on the BSE, down by ₹86.35 or 4.78%.

Related Tags

  • Block Deal
  • RR Kabel
  • TGP Asia
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.