Rane Holdings has received an approval for the sale of entire investment in Rane t4u, a subsidiary of the Company, in exchange for allotment of equity shares in eTrans Solutions (eTrans). eTrans is a Kolkatta based company in the business of providing vehicle tracking solutions to major corporate shippers and transporters since 2000. The parties are in the process of negotiation of terms and conditions including execution of relevant agreements and the completion of customary closing conditions. The Board of Directors of the Company at the meeting held on May 31, 2023 has approved the same.
Rane Holdings is the holding company of the Rane Group.
