Company Profile

Rane Holdings has informed that in reference to letter no(s). RHL/SE/64/2019-20 dated March 23, 2020 intimating the acquisition of 5,80,720 equity shares of Rs 10 each fully paid up (1.78%) in its subsidiary company; Rane (Madras) (RML) arising on conversion of 5,80,720 warrants (partial conversion of the 17,42,160 warrants) into underlying equity shares. In the said intimation it was inadvertently mentioned that 'the balance 11,61,440 warrants are eligible for conversion on or before June 17, 2020', instead of June 17, 2021. Also informed that the balance 11,61,440 warrants are eligible for conversion into equivalent number of equity shares in RML on or before June 17,2021. The error is regretted.

The above information is a part of company’s filings submitted to BSE.

Rane Holdings has informed that an 'Earnings Conference Call' is scheduled on Tuesday, February 11, 2020 at 14:00 hours (lST),  to discuss the Unaudited financial results for the quarter ended December 31, 2019. The presentation and transcript will also be made available on the website of the Company, www.raneqroup.com.This disclosure is compliance under relevant provisions of SEBI (LODR) Regulations 2015.

The above information is a part of company’s filings submitted to BSE.

Rane Holdings’ board has approved further investment in its subsidiary, viz., Rane (Madras) (RML), of upto Rs 50 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of RML. The Board of directors of the company at its meeting held on November 08, 2019 has approved for the same.

Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development & information systems support.  

Rane Holdings is currently trading at Rs. 879.00, up by 0.50 points or 0.06% from its previous closing of Rs. 878.50 on the BSE.

The scrip opened at Rs. 880.00 and has touched a high and low of Rs. 903.90 and Rs. 879.00 respectively. So far 481 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1603.00 on 22-Apr-2019 and a 52 week low of Rs. 821.00 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 903.90 and Rs. 866.00 respectively. The current market cap of the company is Rs. 1256.52 crore.

The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 18.80% and 34.83% respectively.

Rane Holdings’ board has approved further investment in its subsidiary, viz., Rane (Madras) (RML), of upto Rs 50 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of RML. The Board of directors of the company at its meeting held on November 08, 2019 has approved for the same.

Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development & information systems support. 

Rane Holdings has informed that it has enclosed the copy of the advertisements published on July 02, 2019 in Newspapers - Business Standard (English) and Dinamani (Tamil) in connection with the 83rd Annual General Meeting of the Company scheduled to be held on Thursday, August 08, 2019 and the same are available on the website of the Company at www.ranegroup.com.

The above information is a part of company’s filings submitted to BSE.