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Rane Holdings invests Rs.50 crores in steering subsidiary

August 19, 2025 at 10:40 AM UTC•By FilingReader AI

Rane Holdings Limited invested Rs.50 crores in wholly owned subsidiary Rane Steering Systems Private Limited by subscribing to 20 lakh equity shares at Rs.250 per share.

The investment aims to meet operational and capital expenditure needs for the steering column manufacturer, which reported turnover of Rs.1,706.33 crores in 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

This is to inform you that Rane Steering Systems Private Limited, wholly owned subsidiary of the Company has allotted further 20,00,000 equity shares of Rs.10/- each fully paid up to the ....August 19, 2025 at 10:22 AM UTC

Rane Holdings

BSE:RANEHOLDIN•Bombay Stock Exchange

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