Rane Holdings rises on acquiring additional stake in Rane t4u
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Rane Holdings is currently trading at Rs. 944.95, up by 3.00 points or 0.32% from its previous closing of Rs. 941.95 on the BSE.
The scrip opened at Rs. 943.10 and has touched a high and low of Rs. 944.95 and Rs. 943.10 respectively. So far 2 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1049.00 on 14-Feb-2023 and a 52 week low of Rs. 556.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 969.95 and Rs. 940.00 respectively. The current market cap of the company is Rs. 1349.18 crore.
The promoters holding in the company stood at 46.57%, while Institutions and Non-Institutions held 2.04% and 51.38% respectively.
Rane Holdings (RHL) has as on May 29, 2023 acquired additional equity stake in its subsidiary -- Rane t4u (Rt4u) by subscribing to 21,60,432 equity shares of Rs 10 each on rights basis and exercising conversion of 2,78,50,000 Compulsorily Convertible Preference Shares (CCPS) of Rs 10 each held in Rt4u into 2,78,50,000 equity shares of Rs 10 each (in the ratio 1:1).
Pursuant to the above acquisition of 3,00,10,432 equity shares of Rs 10 each, the aggregate equity shareholding of RHL in Rt4u stands increased to 99.47% (an increase of 2.01% since the previous disclosure).
Rane Holdings is the holding company of the Rane Group.
