Archive · 20 Aug 2025
Rane Holdings Invests ₹50 Crore in Steering Systems
Rane Holdings, the parent company, invested ₹50 crore into its steering systems division, RSSL.
They did this by selling new shares to themselves.
The steering systems company makes parts for cars, like steering columns.
The money will help the company run smoothly and grow.
RSSL, which is entirely owned by Rane Holdings, had a turnover of ₹1,706.33 crore for the year ending March 2025.
The shares were sold at ₹250 each.
The aim of this investment is to meet the operational and capital expenditure.
Rane Holdings invested ₹50 crore in Rane Steering Systems via rights issue.
The investment involved allotting 20 lakh shares at ₹250 each.
RSSL, a subsidiary, remains wholly-owned by Rane Holdings after the deal.
Funds will support RSSL's operational and capital expenditures and growth.
RSSL's turnover was ₹1,706.33 crore for the fiscal year ending March 2025.
- Who
- Rane Holdings invested in Rane Steering Systems Private Ltd (RSSL).
- What
- Rane Holdings invested ₹50 crore in Rane Steering Systems through a rights issue.
- When
- Completed on August 19, 2025.
- Where
- Chennai, India.
- Why
- To meet operational and capital expenditure requirements and pursue growth opportunities for RSSL.
- Investor
- Rane Holdings Ltd
- Recipient
- Rane Steering Systems Private Ltd (RSSL)
- Investment Amount
- ₹50 crore
- Transaction Type
- Rights issue of equity shares
- Share Price
- ₹250 per share
- Total Shares Allotted
- 20 lakh
- RSSL Turnover (FY25)
- ₹1,706.33 crore