Rane Holdings increases stake in Rane Brake Lining Ltd to 50.03%

Rane Holdings Limited (RHL / Promoter & Promoter Group) has acquired (creeping acquisition) 1,80,000 equity shares of Rs. 10/- each fully paid up (2.33%) in its subsidiary Rane Brake Lining Limited (RBL) through open market purchase. The aggregate equity shareholding of RHL in RBL post this acquisition stands increased from 47.70 to 50.03%.

Shares of Rane Brake Lining Limited was last trading in BSE at Rs. 630.05 as compared to the previous close of Rs. 606.50. The total number of shares traded during the day was 22348 in over 2073 trades.

The stock hit an intraday high of Rs. 685.55 and intraday low of 625.00. The net turnover during the day was Rs. 14698055.00.

Shares of Rane Holdings Limited was last trading in BSE at Rs. 588.05 as compared to the previous close of Rs. 587.65. The total number of shares traded during the day was 900 in over 148 trades.

The stock hit an intraday high of Rs. 611.20 and intraday low of 587.00. The net turnover during the day was Rs. 535894.00.

Source : Equity Bulls

Keywords

RaneBrakeLining INE244J01017 RaneHoldings INE384A01010 StakeIncrease