Polycab India (PIL) has signed an agreement with Renuka Investments and Finance, a wholly owned subsidiary of Hindalco Industries, to divest the entire equity shareholding in Ryker Base (Ryker). Ryker was a wholly owned subsidiary of the company. The enterprise value is pegged at Rs 323 crore. Post debt and working capital adjustments, the sale consideration is likely to be around Rs 167.5 crore.
Consolidated debt in PIL financials is likely to reduce by about Rs 157.5 crore which pertains to external commercial borrowing and working capital loan of Ryker. The transaction is expected to be completed by December end and is subject to fulfilment of certain conditions by both parties as well as applicable customary approvals.
Polycab India is the largest cables & wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.
| Company Name | CMP |
|---|---|
| Polycab India | 8184.95 |
| KEI Industries | 4841.10 |
| RR Kabel Ltd. | 1475.45 |
| Finolex Cables | 943.60 |
| Precision Wire India | 377.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: