M&A
Rane Holdings to merge IoT unit for 12% stake in vehicle tracking firm eTrans
Publicly listed Rane Holdings is to swap its entire stake in its Bangalore-based subsidiary Rane t4u Pvt Ltd, focused on IoT solutions, for a 11.94% stake (valued at INR 8.5 Cr) in eTrans Solutions Pvt Ltd. Rane t4u had reported sales of INR 7.69 Cr for FY23. Founded in 2000, Kolkata-based eTrans is in the business of providing vehicle tracking solutions to major corporate shippers and transporters.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
