KEC International transfers cables business to subsidiary

KEC International Ltd has transferred its cables business to KEC Asian Cables Ltd (KACL), a subsidiary, via a slump sale on a going-concern basis. A business transfer agreement (BTA) was executed on December 30, 2024. KACL will pay Rs 1.25 billion to KEC International for the slump sale. KEC International holds a 95% equity stake in KACL, with the remaining 5% owned by KEC Power India Pvt Ltd (KPIPL), a wholly owned subsidiary of KEC…