Indian Link Chain Manufacturers to acquire Sachin Tendulkar-backed RRP Electronics

Indian Link Chain Manufacturers Ltd., a BSE-listed company, is set to acquire a majority stake in Mumbai-based RRP Electronics Ltd., a high-technology firm backed by cricketing legend Sachin Tendulkar. The acquisition, which is already at an advanced stage, will see Indian Link Chain Manufacturers own the majority equity shares of RRP Electronics upon its completion. The proposed transaction is currently subject to the satisfactory completion of due diligence by both companies, the execution of definitive agreements, and necessary shareholder approvals.

This move marks a significant turning point for Indian Link Chain Manufacturers. Post-acquisition, the company, promoted by Rajendra Chodankar and family, plans a strategic name change from Indian Link Chain Manufacturers Ltd. to RRP Electronics India Ltd. The name change has already received name reservation approval from the Ministry of Corporate Affairs (MCA) and will become official upon special resolution approval from shareholders and subsequent approval from the Registrar of Companies.

The core benefit of the deal is Indian Link Chain Manufacturers' foray into fast-growing high-technology sectors. RRP Electronics, led by Chairman and CEO Rajendra Chodankar, is a key player in areas like Semiconductors, electro-optics, medical devices, and ADAS (Advanced Driver Assistance Systems) technology. The acquisition will instantly enable the acquiring company to enter these high-tech domains, significantly diversifying its business profile and positioning it for future growth.

Disclaimer: The article is for informational purposes only and not investment advice.