The record date for merger is fixed as April 22, 2025 in terms of Regulation 42 of SEBI LODR for determining the Shareholders of the Company to whom equity shares of Rane (Madras) Limited ....
Awaiting price reaction for this filing.
Rane Engine Valve Limited has fixed April 22, 2025 as the record date to identify shareholders eligible to receive shares in Rane (Madras) Limited under a proposed amalgamation. Under the scheme, shareholders of Rane Engine Valve will receive 9 equity shares of Rane (Madras) for every 20 equity shares held. The filing is made under SEBI LODR Regulation 42, and follows a previous intimation dated April 7, 2025, indicating the merger scheme has progressed to the record-date stage. Book closure details have also been notified to both BSE and NSE.
Shareholders of Rane Engine Valve holding shares as on April 22, 2025 will receive Rane (Madras) shares in the 9:20 ratio; existing Rane Engine shares are expected to be delinked once the amalgamation is completed, effectively making Rane (Madras) the surviving listed entity.