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Rane Holdings acquires further stake in Rane Brake Lining

16 Mar 2022 Evaluate

Rane Holdings (RHL) has further acquired (creeping acquisition) 1,80,000 equity shares of Rs 10 each fully paid up (2.33%) in its subsidiary Rane Brake Lining (RBL) through open market purchase. The aggregate equity shareholding of RHL in Rane Brake Lining post this acquisition stands increased from 47.70 % to 50.03%. The cost of acquisition is Rs 11.25 crore (approximately) excluding charges & taxes.

Rane Holdings is the holding company of the Rane Group.

Peers
Company Name CMP
Bajaj Finserv 1917.30
TVS Holdings 13000.05
Cholamandalam Fin. 1525.75
Altius Telecom Infra 175.00
Kama Holdings 2282.95
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