Ram Ratna Wires stock gains 5% on approval for 13.64 lakh shares sale in RR Kabel via IPO
Ram Ratna said, the board of directors has considered and approved the proposal for the sale of its equity investment held in R R Kabel by offering up to 13,64,480 equity shares by participating in the proposed IPO of R R Kabel.
Ram Ratna Wires, a leading manufacturer of high-quality winding wires, on Wednesday, received approval from the board of directors to sell over 13.64 lakh equity shares in R R Kabel through an initial public offering (IPO). Ram Ratna's stock gained by more than 6% in the day on Dalal Street.
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