Business Standard

Rane Holdings acquires 1.56% stake in Rane (Madras)

Image

Capital Market

Pursuant to conversion of warrants into equity shares

Rane Holdings has acquired 8,49,979 equity shares of Rs. 10/- each fully paid up (1.56%) in its subsidiary Rane (Madras) (RML), on conversion of entire outstanding 8,49,979 warrants out of the 25,49,936 warrants (issued on 29 January 2021) into underlying equity shares. The overall shareholding of the company in RML stands increased to 1,16,72,774 Equity shares (71.77%).

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 11 2022 | 2:46 PM IST

Explore News