M&A

M&A

Ram Ratna Wires acquires 60% stake in fabrication specialist Tefabo

Business Line  

Mumbai-headquartered Ram Ratna Wires Ltd (RRWL) has acquired a 60% stake in Bengaluru-based Tefabo Product Pvt Ltd, a manufacturer of fabricated components and assemblies. The remaining 40% stake will be held by the target company’s promoter Anup Balkrishna Vaidya. RRWL will target opportunities in renewable energy and railways through the acquisition.Tefabo’s existing operations include precision fabrication, structural fabrication, and power resistors manufacturing, with a client base comprising multinational corporations. Tefabo reported revenues of INR 78.15 crore for the fiscal year ended March 31, 2024, and a net profit of INR 4.37 crore.