This is to inform you that Rane Steering Systems Private Limited, wholly owned subsidiary of the Company has allotted further 20,00,000 equity shares of Rs.10/- each fully paid up to the Company on Rights basis.
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Rane Holdings Limited (RHL) has invested an additional Rs.50 Crores in its wholly owned subsidiary Rane Steering Systems Private Limited (RSSL) by subscribing to 20 lakh equity shares of Rs.10 each at Rs.250 per share (including a premium of Rs.240). The shares were allotted on a rights basis on August 19, 2025. RSSL manufactures steering columns, is part of the auto component industry, and reported a turnover of Rs.1,706.33 Crores in FY25. The capital infusion is intended to fund operational requirements, capital expenditure, and pursue further growth opportunities. RSSL's paid-up capital rises from Rs.17.90 Crores to Rs.19.90 Crores post-allotment.
This is an internal group capital infusion and not a new acquisition, so there is no change in RHL's ownership of RSSL which remains a 100% subsidiary. For shareholders, it signals management's commitment to fund growth in the steering business, potentially boosting the subsidiary's capacity and future earnings, without diluting any existing shareholder stake.