Members of the Exchange are hereby informed that the trading in equity shares of Rane Engine Valve 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.
Trading in the equity shares of Rane Engine Valve Limited will be suspended with effect from April 22, 2025 (i.e., from the close of trading hours on April 21, 2025). The suspension is on account of a Scheme of Amalgamation, indicating that the company is being merged with another entity. This is a procedural step typically taken once the amalgamation scheme has been approved and is moving into implementation. After the suspension date, the stock will not be available for trading on the exchange.
Existing shareholders will likely receive shares of the amalgamated/transferee entity in lieu of their current holdings as per the approved swap ratio. The stock will no longer be tradable, effectively delisting Rane Engine Valve Limited from the exchange.