At meeting held on 29 December 2021
The Board of Rane Holdings at its meeting held on 29 December 2021 has approved the divestment of 87,383 (nos.) equity shares representing 1% of the total shareholding of Rane TRW Steering Systems (RTSS/JV) to ZF Automotive JV LLC, USA (ZF).Currently, RTSS is a 50:50 joint venture between the Company and ZF. Pursuant to this divestment, the Company will hold 49% and ZF will hold the remaining 51% shareholding in the JV.
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