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ZF Rane Automotive India Private Limited, a joint venture between ZF Group in India and Rane Group acquired 100% of the steering wheels manufacturer TRW Sun Steering Wheels Private Limited (TSSW). This acquisition positions ZF Rane Automotive India as a comprehensive solutions provider for occupant safety products in
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
Rane (Madras) Limited announced that it has established a greenfield facility for manufacturing steering and suspension components for passenger vehicle applications through its wholly-owned subsidiary viz., Rane Automotive Components Mexico (RACM), in Aguascalientes, Mexico. Its board approved investment of an amoun
In an investor update, Rane Holding Limited announced that during the quarter that ended on September 30, 2023, its group companies won new orders worth INR 3.2 billion. Rane Madras Limited won an INR 500 million order from a domestic LCV customer, an INR 240 million order for light metal casting products from an exp
Rane Madras Limited announced that its board has approved setting up of a wholly owned subsidiary in Mexico viz., M/s. Rane Automotive Components Mexico S de R.L. de C.V. (RACM). RACM will establish a greenfield manufacturing facility to manufacture steering and linkage auto components catering to customers in Mexico
Rane (Madras) Limited announced that on completion of the customary closing conditions, the entire holdings in Rane Light Metal Casting Inc., USA (LMCA) held through its wholly owned subsidiary viz., Rane (Madras) International Holdings B.V., The Netherlands (RMIH), has been divested to Kentucky International Holding
Rane (Madras) Limited announced that it executed a share purchase agreement with Kentucky Industrial Holdings, Inc., (KIH) (purchaser) on September 6, 2023, to transfer its entire holdings in the Rane Light Metal Casting Inc., USA (LMCA) in favor of KIH. The expected date of completion of sale/disposal is September 3
Rane Holdings Limited (RHL) announced that during the quarter that ended on July 31, 2023, it won new business worth INR 1.48 billion for EV platforms. Under its Rane (Madras) division, it won INR 900 million in orders for ball joint products from an international customer. It won INR 400 million in orders for rack h
Rane Holding Limited announced that it acquired 172 thousand (approx.) equity shares of face value INR 10 each fully paid up (1.01%) for a consideration of INR 49.99 million (at an issue price of INR 291 per equity share) in its subsidiary Rane Engine Valve Limited (REVL). The overall shareholding of the Company in R
Rane Group announced that its board of directors approved the sale of the entire investment in Rane t4u Private Limited, a subsidiary of the Company, in exchange for the allotment of equity shares in eTrans Solutions Private Limited (eTrans). eTrans is a Kolkatta-based company providing vehicle tracking solutions to
Rane Holdings Limited (RHL) announced that it has acquired an additional equity stake in its subsidiary Rane t4u Private Limited (Rt4u) by subscribing to 2.16 million equity shares of INR 10 each on a rights basis on May 29. Pursuant to the above acquisition of 30.01 million approx. equity shares of INR 10 each, the
The Rane Group announced that during Q4 FY 2023 ending March, it won orders worth INR 100 million from various customers including EV two-wheeler in the brake lining division. In its Madras Limited subsidiary, it won INR 180 million orders for EPS for Electric LCV, INR 700 million orders for steering and suspension p
In its newsletter, Rane Holdings Limited (RHL) announced that it signed a facilitation memorandum of understanding (MoU) with the Government of Tamil Nadu in august for INR 8 billion investment in the state. In the process, the group will create employment for 2,000 people. (Based on October newsletter from Rane Hold
Rane Group announced that during the quarter that ended on September 30, 2022, Rane Brake Lining won orders worth INR 350 million from various customers. Rane Engine Valve won orders worth INR 100 million from various customers. ZF Rane won an order worth INR 2.4 billion for occupant safety products, and INR 1.6 bil