Advised RR Kabel Limited (RRKL), Ram Ratna Electricals Limited (RREL) and their promoters in relation to acquisition by TPG Asia VII SF Pte. Ltd (TPG) of 21% stake in RRKL and RREL through a primary subscription of compulsorily convertible preference shares and secondary transfers from the promoters of RRKL to TPG.
RRKL is the flagship company of RR Global founded by the Kabra family. Headquartered in Mumbai, RRKL has emerged as one of the leading and fastest-growing wires and cables manufacturers in India through its focus on superior product quality and innovation, leveraging its robust distribution network and brand strength. Founded in 1999, RRKL was the first company in India to introduce Fire Retardant and UNILAY conductor technology. The wires and cables industry in India is estimated at Rs 36,000 crores. RREL was recently launched as an adjacent consumer appliances business that includes fans, lighting equipment, switches, water heaters, and air coolers and is one of the leading conglomerates in the electrical & copper industry.
The deal team comprised of Bhavik Narsana (Partner), Minhaz Lokhandwala (Principal Associate), Soumyadri Chattopadhyaya (Principal Associate), Vidur Sinha (Principal Associate) and Suditi Surana (Associate).