Polycab India to acquire 50% stake in Ryker Base from Trafigura

Polycab India Ltd has signed an agreement to acquire the remaining 50% stake in Ryker Base from Trafigura Pte Ltd for about Rs 30 crore, making Ryker a wholly-owned subsidiary.

“This strategic buyout reflects Polycab’s unwavering focus on strengthening its core while readying the business for its future.”hiindia.com

• 3 sources
• hiindia.comElectrical major Polycab to buyout Ryker from Singapore-based Trafigura | hi INDiAMay 2, 2020
• eqmagpro.comElectrical major Polycab to buyout Ryker from Singapore-based Trafigura – The Leading Solar Magazine In IndiaAnand GuptaMay 4, 2020
• constructionweekonline.inPolycab India to acquire 50% stake in Ryker Base - Construction Week IndiaStaff WriterMay 5, 2020

Summarized from public sources; check the original articles before acting on it.