Rane Holdings Limited has received an allotment of equity shares in its joint venture company, ZF LIFETEC Rane Automotive India Private Limited. The allotment was made pursuant to a rights issue that was previously intimated to the exchanges on October 22, 2026 (Reference: Letter RHL/SE/064/2026-27).
Transaction Details
- Number of shares allotted: 515,954 equity shares
- Face value: ₹10 per share
- Status: Fully paid-up shares
- Transaction type: Rights issue participation
Post-Allotment Holding Structure
Following this allotment, Rane Holdings Limited continues to maintain its equity holding in the joint venture at 49%. The transaction did not alter the percentage ownership of the company in the JV.