Rane Holdings has received an approval for further investment in its subsidiary, viz., Rane (Madras) (RML), up to Rs 60 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of RML. The investment is however, subject to approval of Board of Directors / Committee of RML. The Board of Directors of the company at its meeting held on December 17, 2020, approved the same.
Rane Holdings is the holding company of the Rane Group.