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Rane Group, India to merge its engine valve and brake lining division into Rane Madras
Rane (Madras) Limited (RML), Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL). They have approved the proposed reorganization through a scheme of arrangement (Scheme) which entails the merger of RBL and REVL into RML (Transaction). The proposed transaction will create a larger company with a combi....
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