RANE HOLDINGS LTD. - 505800 - Updates On Disinvestment Of Subsidiary
This is further to our earlier intimation on sale of entire investment in Rane t4u Private Limited (Rt4u), a subsidiary of the Company, in exchange for allotment of equity shares in eTrans Solutions Private limited (eTrans). We hereby inform that Company has executed Investment Agreement with eTrans today (i.e., July 03, 2023). The Company would acquire 8,62,505 Equity shares having face value of Rs. 10/- each of eTrans aggregating to 11.94%, by way of consideration other than Cash. The parties have agreed to complete the transfer activities on or before July 31, 2023. Details in terms of regulation 30 of SEBI LODR is enclosed.03-07-2023