Rane Holdings Ltd increases stake in Rane t4u Pvt Ltd to 84.52%

Rane Holdings Ltd has acquired another 1,28,524 equity shares representing 7.71% equity shareholding in Rane t4u Private Limited (RT4U), subsidiary company, for a cash consideration of Rs. 7,45,439 at Rs. 5.80/- 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 nót a related party transaction.

Shares of RANE HOLDINGS LTD. was last trading in BSE at Rs.649.95 as compared to the previous close of Rs. 641.5. The total number of shares traded during the day was 5081 in over 668 trades.

The stock hit an intraday high of Rs. 668 and intraday low of 645. The net turnover during the day was Rs. 3318344.

Source : Equity Bulls

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