Rane Holdings Limited (RHL) has further acquired a 6.80% equity shareholding in Rane t4u Private Limited (RT4U) for a consideration of over Rs6.57 lakhs. The aggregate equity shareholding stands at 76.81%.
RT4U is a subsidiary of the Company, which offers customized analytics-rich end-to-end telematics/connected mobility solutions for various transportation and asset tracking requirements in India and other countries across South Asia, Middle East and Africa.
The company said on Wednesday, shares are acquired at a price of Rs5.80 per equity share of face value of Rs.10 each at a total cost of Rs6,57,140. The company acquired total 1,13,300 shares.
Rane Holdings Ltd ended at Rs642.40 per piece up by Rs0.1 or 0.02% from its previous closing of Rs642.30 per piece on the BSE.
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