Rane Holdings has acquired 19.24% in the equity share capital of SasMos, engaged in the manufacture of interconnection system and wiring harness for defence and aerospace industry, from Lumipol International B. V., a Netherland based Company, taking its total shareholding in SasMos to 45.24%.
In September 2011, the company had acquired 26% stake in share capital of SasMos.
Rane Holdings is the holding company of the Rane Group. The Rane Group established in the year 1929 as a trading house and serves a variety of industry segments: Passenger Cars, Multi Utility Vehicles, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Farm Tractors, Three-wheelers, Two-wheelers and Stationary Engines through Rane Holding company & 7 manufacturing companies.
