Business Standard

Rane Holdings acquires additional stake in Rane (Madras)

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Capital Market

On conversion of warrants into equity shares

Rane Holdings has acquired 1,61,440 equity shares of Rs. 10/- each fully paid up (3.10%) in its subsidiary Rane (Madras) (RML) arising on conversion of balance outstanding 11,61,440 warrants out of the 17,42,160 warrants into underlying equity shares. The overall shareholding of the company in RML stands increased to 91,22,838 shares (66.52%).

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First Published: Jan 07 2021 | 4:35 PM IST

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