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India

Rane Holdings, India to invest in ZF Lifetec Rane automotive safety joint venture

On October 22, Rane Holdings approved an additional INR 808.5 million investment in ZF Lifetec Rane Automotive India (ZLRAI), its joint venture with ZF Automotive JV US LLC. Rane will invest in a rights issue, with Rane subscribing to its full entitlement.
The investment will support ZLRAI’s capital expenditure and o....

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