Rane Holdings Limited — JV/Acquisition, 24-04-2025: Acquisition

Rane (Madras) Limited has completed the amalgamation of Rane Engine Valve Limited and Rane Brake Lining Limited, allotting 59,58,439 equity shares at a fair value of Rs. 925.60 each. Post-amalgamation, Rane Holdings Limited's stake in RML is reduced to 63.80%. The transaction allows Rane Holdings to consolidate operations under a single listed entity, enhancing market positioning in the auto components sector. The merger is expected to leverage synergies and drive growth prospects for the newly expanded auto component player, contributing positively to shareholder value.