Rane (Madras) Limited has acquired Precision Die Casting, Inc. USA (PDC). The Chennai-based auto components maker said it made $2 million as equity capital into the company. The company has executed a share purchase agreement in the United States on February 17 with DPI/PDC Holdings and acquired 100 per cent of the equity capital of PDC.In an announcement to NSE today, the company said that it has incorporated a Wholly Owned Subsidiary in Netherlands as a private company Rane (Madras) International Holdings B.V.The company has till date infused $2.02 million into the equity capital of PDC on February 17, 2016 and the company has aslo issued a limited guarantee by way of SBLC for $2 million towards the term loans facilities availed by PDC.Rane (Madras) is part of $511 million Rane Group. The company has two divisions including steering and Linkage Products Division and Diecasting Products Division.Rane Group of companies manufacuter components for passenger Cars, Multi Utility ...

Rane (Madras) acquires Precision Die Casting


Chennai-based auto components maker&nbsp;Rane (Madras) Limited has acquired US-based Precision Die Casting, Inc. USA and infused $2.02 million as equity capital.
<p>
	The company has executed a share purchase agreement in the United States on February 17 with DPI/PDC Holdings and acquired 100% per cent of PDC&#39;s equity.</p>
<p>
	In an announcement to NSE today, the company said that it has incorporated Rane (Madras) International Holdings B.V,&nbsp;a wholly-owned subsidiary in Netherlands as a private company&nbsp;</p>
<p>
	The company has aslo issued a limited guarantee by way of SBLC for $2 million towards the term loans facilities availed by PDC.</p>
<p>
	Rane (Madras) is part of $511 million Rane Group. The company has two divisions -- steering and linkage products and diecasting products.</p>

Rane (Madras) Limited has acquired Precision Die Casting, Inc. USA (PDC). The Chennai-based auto components maker said it made $2 million as equity capital into the company. The company has executed a share purchase agreement in the United States on February 17 with DPI/PDC Holdings and acquired 100 per cent of the equity capital of PDC.In an announcement to NSE today, the company said that it has incorporated a Wholly Owned Subsidiary in Netherlands as a private company Rane (Madras) International Holdings B.V.The company has till date infused $2.02 million into the equity capital of PDC on February 17, 2016 and the company has aslo issued a limited guarantee by way of SBLC for $2 million towards the term loans facilities availed by PDC.Rane (Madras) is part of $511 million Rane Group. The company has two divisions including steering and Linkage Products Division and Diecasting Products Division.Rane Group of companies manufacuter components for passenger Cars, Multi Utility Vehicles,

Rane (Madras) acquires Precision Die Casting

Company infused $2.02 million for 100% equity stake

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