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An update from Rane Holdings Limited ( (IN:RANEHOLDIN) ) is now available.
Rane Holdings Limited’s Finance Committee has approved a short-term inter-corporate loan of up to Rs. 25 Crores to its wholly-owned subsidiary, Rane Steering Systems Private Limited. This financial support is intended for general corporate purposes and operational expenses, reflecting the company’s strategic move to bolster its subsidiary’s operations and maintain its market position.
More about Rane Holdings Limited
Rane Holdings Limited operates in the automotive industry, focusing on manufacturing and supplying steering and suspension systems. The company primarily serves the automotive sector, providing key components to enhance vehicle performance and safety.
Average Trading Volume: 813
Technical Sentiment Signal: Strong Buy
Current Market Cap: 22.36B INR
For a thorough assessment of RANEHOLDIN stock, go to TipRanks’ Stock Analysis page.