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Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore
· Business Standard Mkts
Usha Martin (UML) said that the company's board has approved a proposal for the slump sale of the business undertaking of U M Cables, wholly owned subsidiary, to R R Kabel for a total consideration of Rs 77 crore.
Market context
- The immediate tone of coverage reads negative.