TPG Acquires 40 Percent Stake in RR Kabel for US$90 Million (Asia)

Source(s): Economic Times

Global alternative asset firm TPG has invested INR6.5 billion (approximately US$90 million) for a 40 percent stake in India-based building wire and low-voltage cable manufacturer RR Kabel. The company, which recently released a line of consumer appliances, will partner with TPG to develop new products and expand its presence in India.