Rane Holdings has received approval for further investment in its subsidiary, viz., Rane Engine Valve (REVL), up to Rs 15 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of REVL. The investment if made by the company would be within the limits of Section 186 of the Companies Act, 2013. The Finance Committee of the Board of Directors of the company at its meeting held on January 25, 2022 has approved the same.
Rane Holdings is the holding company of the Rane Group.
