Rane Holdings stated that the objective of the investment is to meet operational and capital expenditure requirements and support future growth opportunities.
19 Aug 2025 | 2278 Views | By Arunima Pal
Rane Holdings Limited (RHL) has made a further investment of ₹50 crore in its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL).
The investment was executed through the allotment of 20 lakh equity shares of ₹10 each at an issue price of ₹250 per share, including a premium ...
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Rane Holdings Limited (RHL) has made a further investment of ₹50 crore in its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL).
The investment was executed through the allotment of 20 lakh equity shares of ₹10 each at an issue price of ₹250 per share, including a premium of ₹240 per share. With this allotment on a rights basis, RSSL’s paid-up capital has increased from ₹17.90 crore to ₹19.90 crore.
Rane Holdings stated that the objective of the investment is to meet operational and capital expenditure requirements and support future growth opportunities. Despite the additional funding, the shareholding structure remains unchanged, with RSSL continuing as a wholly owned subsidiary of RHL.
The transaction was carried out at arm’s length, based on a valuation report from a registered valuer, and was completed on August 19, 2025. No regulatory approvals were required for the allotment.
RSSL, incorporated in 1995, manufactures steering columns and operates in the auto component industry. The company reported a turnover of ₹1,706.33 crore in FY25, compared with ₹1,718.73 crore in FY24 and ₹1,510.34 crore in FY23.