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JTL Industries Limited (JTLIND) has officially received approval for its Resolution Plan to acquire RCI Industries & Technologies Limited (RCI), a company currently undergoing the Corporate Insolvency Resolution Process (CIRP).
The resolution plan was approved by the Hon’ble National Company Law Tribunal (NCLT), New Delhi, through an order dated October 09, 2025, with the copy of the order being placed on the NCLT’s website on October 10, 2025.
This acquisition is a significant strategic move for JTL, transitioning RCI out of insolvency.
RCI Industries & Technologies Limited is engaged in the manufacturing of diversified non-ferrous products, including copper, brass, aluminum, stainless steel, and special alloys.
The acquisition is designed to substantially broaden JTL’s existing portfolio. By integrating RCI, JTL will gain capability in flat and round non-ferrous metal products, particularly copper.
Management noted that this expansion is intended to strengthen JTL’s overall market appeal and better position the company to meet a wider array of industrial demands within the non-ferrous sector.
Furthermore, JTL considers RCI’s assets to be attractively valued, presenting a high-value acquisition opportunity.
The consideration for the acquisition will be paid entirely in cash. The cost of acquisition involves an upfront payment of Rs. 46.50 Crores. Upon completion of the transaction, JTL Industries Limited will acquire a 95% shareholding/control in RCI.
JTL has indicated that the acquisition process is expected to be completed within 60 days following the date of the NCLT approval order. The only brief detail of governmental or regulatory approval required was the receipt of the NCLT order approving the resolution plan.
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