Rane Holdings acquires 1.56% stake in Rane (Madras)

Pursuant to conversion of warrants into equity shares

Rane Holdings has acquired 8,49,979 equity shares of Rs. 10/- each fully paid up (1.56%) in its subsidiary Rane (Madras) (RML), on conversion of entire outstanding 8,49,979 warrants out of the 25,49,936 warrants (issued on 29 January 2021) into underlying equity shares. The overall shareholding of the company in RML stands increased to 1,16,72,774 Equity shares (71.77%).

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