Ram Ratna Wires has received an approval for sale of its equity investment held in R R Kabel by offering for sale for cash up to 13,64,480 equity shares of face value of Rs 5 per share held in R R Kabel by participating in the proposed initial public offering (IPO) of R R Kabel, subject to the processes, compliances and conditions under the applicable laws, at such price per equity share as may be fixed and determined during the IPO process.
The Board of Directors of the Company at their meeting held on April 12, 2023 has considered and approved the same.
Ram Ratna Wires is engaged in manufacturing of enamelled copper winding wires.
