Rane Holdings commits ₹80.85 crore to its ZF automotive joint venture
RANEHOLDIN · price
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Rane Holdings approved a ₹80.85 crore cash investment in ZF Lifetec Rane Automotive India by subscribing for 5,159,954 new shares at ₹1,567 each by October 31, 2026. The funds will finance the joint venture's capital and operating needs. Its FY2026 turnover was ₹1,180.55 crore and net worth was ₹113.74 crore. Rane's 49% stake and control will remain unchanged.
The funding may support the joint venture's growth, but Rane's 49% stake and control will not change, so the immediate stock impact may be limited.