M&A

M&A

Rane Group to merge Rane Brake & Engine Valve with Rane (Madras)

Business Line  

Chennai-headquartered auto parts house Rane Group has decided to merge two of its listed companies – Rane Brake Lining and Rane Engine Valve — with its other listed company, Rane (Madras).The proposed reorganisation will create a larger company with a combined turnover of INR 3,373 crore for the trailing 12 months period ended December 31, 2023 on a proforma basis.