RANE HOLDINGS LTD. - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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| 30 Sep 2021 | |
| We hereby intimate that the 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). <BR> <BR> 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.<BR> <BR> The details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A. <BR> | |
| View all announcements for RANE HOLDINGS LTD. | Source: BSE India |
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