Rane (Madras) gets nod to invest up to $10 million in RPDC

26 Jul 2018 Evaluate

Rane (Madras) has received an approval for enhancement in overall investments up to $10 million in the equity capital of Rane Precision Die Casting (RPDC), Step Down Subsidiary of the company, through Rane (Madras) International Holdings B V, The Netherlands (RMIH), Wholly Owned Subsidiary of the company, over the next three to five years. The board of directors of the company at its meeting held on July 25, 2018, approved the same, considering the business requirements including new businesses, repayment of debts and other operational requirements in overseas subsidiaries.

Rane (Madras) is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors.

Rane Madras Share Price

847.45 -13.20 (-1.53%)
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