SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rane’s (Madras) board approves entire divestment in LMCA

28 Aug 2023 Evaluate

Rane’s (Madras) board of directors has approved divestment by way of stock sale of entire holdings in M/s Rane Light Metal Casting Inc., USA (LMCA) held through its wholly owned subsidiary viz., Rane (Madras) International Holdings B.V., The Netherlands (RMIH). The Board at its meeting held on August 28, 2023 has approved the same. The board of directors has authorized the Investment Committee to finalize the terms and conditions including the consideration, parties etc., in connection with the proposed divestment. 

Rane (Madras) is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors.

Rane Madras Share Price

758.90 -8.70 (-1.13%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 123.20
Tube Investments 2876.95
Bosch 37764.95
UNO Minda 1127.90
CIE Automotive India 485.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×