Rane Holdings Limited acquires further stake in RT4U

Rane Holdings Limited (RHL / The Company) has further acquired 83,35,000 equity shares of Rs. 10/- each fully paid up (12.72%) in its subsidiary Rane t4u Private Limited (RT4U), pursuant to subscription to the rights issue made by RT4U for Rs. 8,33,50,000/. The aggregate equity shareholding of RHL in RT4U post this acquisition stands increased to 97.46% (99.33% on a fully diluted basis).

RT4U is a subsidiary of the Company, which offers customized analytics-rich end-to-end telematics / connected mobility solutions for various transportation and asset tracking requirements in India and other countries across South Asia, Middle East and Africa.

Shares of Rane Holdings Ltd. was last trading in BSE at Rs. 600.5 as compared to the previous close of Rs. 604. The total number of shares traded during the day was 2307 in over 436 trades.

The stock hit an intraday high of Rs. 613.9 and intraday low of 597.1. The net turnover during the day was Rs. 1396571.

Source : Equity Bulls

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