Rane Group to invest USD 20 million in US subsidiary  [ India ] [ USA ]

Rane Group announced that the board of directors of the Company has approved enhancement in investments up to USD 20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH), wholly owned subsidiary of the Company, over the next five years. Rane Precision Die Casting, based in Russellville, Kentucky, is a leading supplier of high-quality, lightweight aluminum die castings to the North American automotive market. (From Rane Group stock exchange filing on March 21, 2019)

<Mar 21, 2019>