# Rane Holdings to acquire NSK's 51% stake in Rane NSK Steering Systems

Rane Holdings Limited approved the acquisition of a 51% stake from joint venture partner NSK Limited in Rane NSK Steering Systems Private Limited, making it a wholly-owned subsidiary to be renamed Rane Steering Systems Private Limited.

- Type: Acquisition
- Announced: 2024-07-01
- Where: India
- Status: announced
- Products: manual steering columns, electric power steering columns, intermediate shafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NSK](https://endata.com/companies/1628.md) (target)
- [Rane Group](https://endata.com/companies/37248.md) (acquirer)
- [Rane NSK Steering Systems](https://endata.com/companies/78354.md) (target)

## Sources

- [mobilityoutlook.com](https://www.mobilityoutlook.com/news/rane-nsk-steering-systems-becomes-wholly-owned-subsidiary-of-rane-holdings/), 2024-07-01: "This strategic acquisition is expected to bolster Rane Group's market position and enhance its capabilities in the steering systems sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.