Rane (Madras) Allots Shares Post-Amalgamation, Rane Holdings’ Stake at 63.80%

On April 23, 2025, Rane (Madras) Limited (RML), a subsidiary of Rane Holdings Limited, allotted 59,58,439 equity shares of ₹10 each pursuant to the approved Scheme of Amalgamation involving Rane Engine Valve Limited and Rane Brake Lining Limited merging into RML. Following this allotment, Rane Holdings’ stake in RML stands at 1,76,31,213 equity shares, representing 63.80% of RML’s post-amalgamation paid-up equity share capital.

Key Details:

• Transaction Type: Share allotment under a Scheme of Amalgamation.

• Share Exchange Ratios:

  • 21 RML shares for every 20 shares held in Rane Brake Lining Limited.

  • 9 RML shares for every 20 shares held in Rane Engine Valve Limited.

• Valuation: Shares were valued at ₹925.60 per equity share, as determined by a joint valuation report from PwC Business Consulting Services LLP and Bansi S. Mehta Valuers LLP.

• Industry: Auto components.

• Purpose: The amalgamation aims to consolidate operations into a single listed entity, enhancing operational efficiency and allowing Rane Holdings to participate in the growth of a diversified auto component player.

• Regulatory Approvals: No additional governmental or regulatory approvals were required for this allotment.

This strategic move is expected to streamline the corporate structure and bolster RML’s position in the auto components industry.