Ram Ratna Wires Limited — JV/Acquisition, 29-05-2025: Acquisition

Ram Ratna Wires has announced a board meeting on acquiring an additional 4% stake in its subsidiary Tefabo Product Private Limited, raising its holding to 64%. The deal is valued at Rs. 2 Cr for 1.2 lakh shares. Tefabo manufactures fabricated components for renewable energy and railways, with a turnover of Rs. 72.07 Cr in FY25 and operations in India and the US. This move strengthens Ram Ratna’s control and operational synergy, boosting its footprint in the fast-growing sustainable energy sector.