Members of the Exchange are hereby informed that the trading in the equity shares of Rane Brake Lining Limited shall be suspended w.e.f. April 22, 2025 (i.e., closing hours of trading on April 21, 2025) on account of the Scheme of Amalgamation.
Awaiting price reaction for this filing.
NSE has announced that trading in the equity shares of Rane Brake Lining Limited will be suspended from April 22, 2025 (after close of trading on April 21, 2025). The suspension is on account of the company's Scheme of Amalgamation, which indicates that the merger/amalgamation process has reached an advanced stage. Shareholders will not be able to buy or sell shares of the company on the exchange after the suspension date. This typically happens when the scheme has received required approvals and the record date for the amalgamation is set.
Existing shareholders will be unable to trade the stock on NSE/BSE after April 21, 2025. The share price is effectively frozen and shareholders should expect to receive shares or consideration of the amalgamated entity as per the approved swap ratio.