/ Rane Holdings Jumps Nearly 4%, Acquires Newly Incorporated Business ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 10 March 2017

As markets are gaining in trade, where BSE Sensex is up by 31 points or 0.11% at 28960 levels; and Nifty is trading up by 5 points or 0.1% at 8932 levels.

Rane Holdings is riding the bull as the Strategy and lnvestment Committee of the Board of Directors of the Company, had at their meeting held on March 9, 2017, inter-alia, unanimously approved the establishment of a Wholly Owned Subsidiary (WOS) in Germany under the name and style of Rane Holdings Europe GmbH, through the complete acquisition of 100 % equity shares of a newly incorporated company for this purpose.

The cost of acquisition is estimated at around 27500 euros and the indicated time period of completion of acquisition is Mar 31, 2017.

Rane Holdings Ltd., is a holding company, engaged in investing in Rane Group’s companies that are involved in the manufacturing, supplying and marketing of auto components for the transportation industry. 

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