Rane Madras is planning to raise funds by way of issuance of equity shares and / or convertible securities to the Promoter / Promoter group on preferential basis. A meeting of the Board of Directors of the company has been scheduled on December 17, 2020 to consider and approve the same.
Rane (Madras) is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors.
