Corporate News     12-Apr-23
Ram Ratna Wires Board approves sale of its investment in IPO of R R Kabel
At meeting held on 12 April 2023
The Board of Directors of Ram Ratna Wires at their meeting held on 12 April 2023 has approved the proposal 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.
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