Skip to main content

MoneyWorks4Me

Rane Holdings gets nod for further investment in subsidiary

17 Dec 2020 Evaluate

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.

Peers
Company Name CMP
Bajaj Finserv 1855.00
TVS Holdings 13135.65
Cholamandalam Fin. 1445.05
Altius Telecom Infra 172.00
Kama Holdings 2161.65
View more..