Ram Ratna Wires has received approval from Board of Directors of the Company for acquisition of 60% of the paid-up share capital of Tefabo Product (Tefabo). Tefabo is engaged in the business of manufacturing fabricated components and assemblies and having complete fabrication set up and strong presence in renewable energy sector and many MNC’s on board as their clients.
The Board has approved the investment in Tefabo by way of acquisition of 18,00,000 equity shares of Rs 10 each fully paid-up from certain existing shareholders of Tefabo, aggregating to 60% of the total paid-up share capital of Tefabo. The Transaction is subject to satisfaction of the conditions stipulated in the definitive documents and receipt of necessary approvals as may be required.
India has taken an ambitious target of achieving 500 GW of renewable energy by 2030 and is planning to be carbon neutral by year 2070. As such Renewable Energy sector will be further booming in coming years. The Company aims to establish a strong presence in the dynamic and growing sectors of renewable energy and railways. Tefabo is already supplying critical mechanical components to leading companies in India and abroad within these industries.
Ram Ratna Wires is engaged in manufacturing of enamelled copper winding wires. Its products include modified polyester copper wires, polyesterimide wires, polyurethane self solderable wires and dual coated wires.
| Company Name | CMP |
|---|---|
| Hindalco | 652.00 |
| Vedanta | 445.05 |
| Hindustan Zinc | 491.70 |
| Gravita India | 2090.50 |
| Ram Ratna Wires | 594.05 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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