{"id":35985,"date":"2022-04-13T18:02:36","date_gmt":"2022-04-13T12:32:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ld-rr-kabel\/"},"modified":"2022-04-13T18:08:13","modified_gmt":"2022-04-13T12:38:13","slug":"biz-ld-rr-kabel","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-rr-kabel\/","title":{"rendered":"RR Kabel acquires Luminous\u2019 home electrical biz, plans IPO in Q4 2023"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3680602749\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power&#8217;s home electrical business (HEB) from French engineering company Schneider.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3595018927\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> This acquisition will further strengthen RR Kabel\u2019s consumer electrical goods business, which has a portfolio of fans, lights and appliances, company&#8217;s Managing Director Shreegopal Kabra said while sharing updates about the deal in a virtual press conference.<\/p>\n<p> Besides, RR Kabel plans to bring its IPO and get the company listed on stock exchanges in the last quarter of 2023, he added.<\/p>\n<p> The Luminous Power deal is subject to closing adjustments and expected to complete in May this year, Kabra added.<\/p><div class=\"trade-content_5\" id=\"trade-3272509038\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> When asked about the valuation of the deal, Kabra said:&#8221;Both the companies are unlisted and have decided not to disclose the amount.&#8221; \t Luminous&#8217; HEB consists of fans and lights and would help RR Kabel enter into the premium segment of this category.<\/p>\n<p> Under this category, Luminous recently introduced its series of energy-efficient star-rated premium designer fans in India.<\/p>\n<p> As part of the deal, RR Kabel would have rights to use the Luminous brand for four years for the existing product lines of fans and lighting under a Brand Licensing Agreement, Kabra added.<\/p>\n<p> In 2011, Schneider had acquired 74 per cent stake of Luminous Power and later in 2017, it acquired the balance 26 per cent.<\/p>\n<p> When asked about the synergy between the business of the company and the acquired entity, Kabra said Luminous is operating in the premium category, which was the &#8220;missing link&#8221; for the Fast Moving Electrical Goods (FMEG) business of RR Kabel.<\/p>\n<p> Commenting on the development, RR Kabel CEO \u2013 Consumer (FMEG) Business Vivek Abrol said, after the deal, the company is now &#8220;reorienting&#8221; its target for the segment.<\/p><div class=\"trade-content-10\" id=\"trade-3567224954\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;Earlier, our vision without this Luminous HEB was, touching Rs 1,000 crore business in next 3-4 years time. However, the goal is now reoriented. We want to touch about Rs 2,000 crore in next 5 to 6 years,&#8221; Abrol added.<\/p>\n<p> RR Kabel had a revenue of Rs 300 crore from the fan and light segment last fiscal year.<\/p>\n<p> &#8220;We are getting exciting assets from HEB such as R&#038;D, an entire sales infrastructure with 500 to 600 channel partners. This will add up and make it overall 1,000 channel partners,&#8221; he said.<\/p>\n<p> RR Kabel is a part of RR Global, a USD 1.25 billion conglomerate, in which TPG Capital owns 21 per cent stake. The US private equity firm had invested around Rs 630 crore in September 2018.<\/p>\n<p> &#8220;They have a strategic role,&#8221; he said adding the equity firm helps in the organic and inorganic growth strategy.<\/p>\n<p> When asked about any plans to get the company listed on exchanges, Kabra said they are not in a hurry but it could be in the last quarter of 2023.<\/p>\n<p> RR Kabel&#8217;s overall revenue is around Rs 5,400 crore and the company expects to reach the Rs 10,000-crore mark in the next two years, said Kabra. PTI KRH  KRH ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-442373870\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power&#8217;s home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel\u2019s consumer electrical goods business, which has a portfolio of fans, lights and appliances, company&#8217;s Managing Director [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1516,31],"tags":[],"class_list":["post-35985","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RR Kabel acquires Luminous\u2019 home electrical biz, plans IPO in Q4 2023 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ld-rr-kabel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RR Kabel acquires Luminous\u2019 home electrical biz, plans IPO in Q4 2023\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power&#8217;s home electrical business (HEB) from French engineering company Schneider. 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