Rane Group to merge Rane Brake Lining and Rane Engine Valve into Rane (Madras)

The boards of Rane (Madras) Ltd, Rane Brake Lining Ltd, and Rane Engine Valve Ltd approved a scheme of arrangement to merge Rane Brake Lining and Rane Engine Valve into Rane (Madras), creating a larger auto component player with a combined turnover of ₹3,373 crore.

“The proposed reorganisation will bring all operating business subsidiaries under one single company, and it will create a larger company with a combined turnover of ₹3,373 crore.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comRane Group to merge Rane Brake & Engine Valve with Rane (Madras) - The HinduBusinessLineBalachandar G 10364Feb 9, 2024

Summarized from public sources; check the original articles before acting on it.