Khaitan & Co advised U M Cables Limited ("U M Cables"), a wholly owned subsidiary of Usha Martin Limited, on the sale of its optical fibre and related cable manufacturing and sales business to RR Kabel Limited ("RR Kabel") through a slump sale.
U M Cables is a wholly owned subsidiary of Usha Martin Limited and is engaged in the manufacture and sale of optical fibre and related cables.
RR Kabel is a leading Indian wires and cables manufacturer. The transaction marks RR Kabel's entry into the optical fibre cable segment and expands its presence in the broader communication cables market.
The core team comprised of Anuj Shah (Partner), Prithwijit Gangopadhyay (Partner), Vibhav Seth (Principal Associate), Sanjana Dwivedi (Senior Associate) and Yashvi Chandak (Associate).
The deal team was assisted by the following:
Direct tax aspects: Sneh Shah (Partner) and Pal Jain (Associate);
Indirect tax aspects: Arvind Baheti (Executive Director)
SEBI regulatory aspects: Sharad Abhyankar (Partner) and Saranya Mishra (Principal Associate).
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