Rane Holdings acquires additional stake in Rane Engine Valve

01 Mar 2023 Evaluate

Rane Holdings has acquired 3,43,642 equity shares of face value Rs 10 each fully paid up (2.19%) for a consideration of Rs 9.99 crore (at an issue price of Rs 291.00 per equity share) in its subsidiary Rane Engine Valve (REVL) on conversion of 3,43,642 warrants (out of the total 5,15,463 warrants held by the Company) into underlying equity shares. The overall shareholding of the Company in REVL stands increased from 37,01,488 (55.09%) to 40,45,130 shares (57.28%). The balance 1,71,821 warrants are due for conversion on or before September 08, 2023.

Rane Holdings is the holding company of the Rane Group.


Rane Holdings Share Price

1085.65 35.70 (3.40%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Bajaj Finserv 1643.05
Paul Merchants 900.05
Data Infrastructure 100.00
IIFL Finance 339.95
Embassy Office Parks 367.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.