# 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.

- Type: Acquisition
- Announced: 2020-05-02
- Where: Mumbai, Maharashtra, India
- Value: $4.00M (300.0M INR)
- Status: announced
- Capacity: 225,000 tonnes per year of copper wire rods
- Products: copper wire rods
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Trafigura Pte Ltd](https://endata.com/companies/22804.md) (target)
- [Polycab India](https://endata.com/companies/46946.md) (acquirer)
- [Trafigura](https://endata.com/companies/46947.md) (partner)
- [Trafigura](https://endata.com/companies/46947.md) (target)
- [Ryker Base](https://endata.com/companies/46948.md) (target)

## Sources

- [hiindia.com](https://hiindia.com/electrical-major-polycab-to-buyout-ryker-from-singapore-based-trafigura/), 2020-05-02: "This strategic buyout reflects Polycab’s unwavering focus on strengthening its core while readying the business for its future."
- [eqmagpro.com](https://www.eqmagpro.com/electrical-major-polycab-to-buyout-ryker-from-singapore-based-trafigura/), 2020-05-04: "This strategic buyout reflects Polycab’s unwavering focus on strengthening its core while readying the business for its future."
- [constructionweekonline.in](https://www.constructionweekonline.in/business/13299-polycab-india-to-acquire-50-stake-in-ryker-base), 2020-05-05: "Polycab India (PIL) has signed an agreement with Trafigura to acquire 50% stake in Ryker Base (Ryker), thereby terminating the existing joint venture (JV)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.