MoneyWorks4Me

Rane Holdings acquires balance 51% stake in RNSS

20 Sep 2024 Evaluate

Rane Holdings has acquired the entire balance 51% equity stake in the joint venture company viz. Rane NSK Steering Systems (RNSS) from NSK, Japan (NSK) on September 19, 2024. Pursuant to the acquisition, RNSS has become a Wholly Owned Subsidiary (100%) of the Company and would be renamed as Rane Steering Systems. 

Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development & information systems support.  


Peers
Company Name CMP
Bajaj Finserv 1685.00
TVS Holdings 11247.45
Cholamandalam Fin. 1318.10
Altius Telecom Infra 171.00
Kama Holdings 2153.60
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