TPG buys significant minority stake in cable-maker RR Kabel for Rs 6 bn

Recipient recently launched an adjacent consumer appliances business of fans, lighting equipment, switches, water heaters; first in India to introduce Fire Retardant & UNILAY conductor tech

TPG, a global alternative asset firm, announced on Thursday that it has acquired a significant minority stake in R R Kabel Limited, one of the leading building wires and low-voltage cables manufacturers in India, the investor said in a statement. The PE firm is investing over Rs 6 billion, according to sources close to the deal.

TPG and RR Kabel will work to advance the company’s growth by enhancing its product portfolio and furthering its market position in new and existing geographies.

Headquartered in Mumbai, R R Kabel has emerged as one of the leading and fastest-growing wires and