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Rane Holdings to acquire 70% stake in T4U

01 Sep 2017 Evaluate

Rane Holdings, the holding Company of Rane group, has received an approval for acquisition of 70% shareholding in Bengaluru-based Telematics4U Services (T4U). Founded in 2009, T4U offers customized analytics-rich end-to-end telematics solutions for various transportation and asset tracking requirements in India and other countries across South Asia, Middle East and Africa.

The company will pay Rs 1.17 crore for acquiring 70% equity shareholding through subscription to fresh issue of shares and share purchase from existing shareholders. In addition, the company plans to invest about Rs 27 crore over the next two years to scale up operations as it sees high revenue visibility and significant growth potential at T4U.

Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development and Information systems support.


Rane Holdings Share Price

1082.55 -28.65 (-2.58%)
17-Apr-2026 16:59 View Price Chart
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