Rane Holdings Acquires Additional 7.71% Stake in Subsidiary Rane t4u; Stock Gains 1.5%

The company acquired 1,28,524 equity shares for more than Rs7.45 lakhs. The aggregate equity shareholding of the company in RT4U stands at 84.52%.

Rane Holdings Limited has acquired another 1,28,524 equity shares representing 7.71% equity shareholding in Rane t4u Private Limited (RT4U), a subsidiary company, for a cash consideration of Rs7,45,439 at Rs5.80 per share on July 06, 2021, from existing shareholders/other promoters of RT4U.

“The aggregate equity shareholding of the Company in RT4U stands at 84.52%. This acquisition is not a related party transaction,” company said in a filing on Tuesday.

At around 10.49 AM, Rane Holdings Ltd was trading at Rs658.30 per piece up by Rs9.55 or 1.47% from its previous closing of Rs648.75 per piece on the BSE.

Source : indiainfoline