Rane Holdings has acquired additional 11,61,440 equity shares of Rs 10 each fully paid up (3.10%) in its subsidiary Rane (Madras) (RML) arising on conversion of balance outstanding 11,61,440 warrants out of the 17,42,160 warrants into underlying equity shares. The overall shareholding of the company in RML stands increased to 91,22,838 shares i.e. 66.52%.
Rane Holdings is the holding company of the Rane Group.