Board of Rane (Madras) approves investment of up to $10 mn in Rane Precision Die Casting

At meeting held on 25 July 2018

The Board of Rane (Madras) at its meeting held on 25 July 2018 has approved enhancement in overall investments up to USD 10 Million in the equity capital of Rane Precision Die Casting (RPDC), Step Down Subsidiary of the Company, through Rane (Madras) International Holdings B V, The Netherlands (RMIH), Wholly Owned Subsidiary of the Company, over the next three to five years.

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