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With this acquisition, Rane NSK Steering Systems Pvt Ltd becomes a wholly owned subsidiary of Rane Holdings and will be renamed Rane Steering Systems

Business Line

Rane Holdings completes acquisition of 51% stake from NSK in JV

With this acquisition, Rane NSK Steering Systems Pvt Ltd becomes a wholly owned subsidiary of Rane Holdings and will be renamed Rane Steering Systems

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Thu, Sep 19, 2024

The consolidation of shareholding in the company will cost Rane Holdings ₹45 crore, payable in cash to NSK for acquiring 91.29 lakh shares of ₹10 each in the company.

Business Line

Rane Holdings buys remaining 51% stake from Japanese Partner NSK in JV

The consolidation of shareholding in the company will cost Rane Holdings ₹45 crore, payable in cash to NSK for acquiring 91.29 lakh shares of ₹10 each in the company.

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Mon, Jul 1, 2024

Stocks News

HDFC Bank to see MSCI weight rise with increased FPI investment headroom

Higher FPI investment room opens door for $1.8 bn passive inflows

HDFCBANK

Ace Aviation acquires aircraft from market as Jet Airways deal faces delay

Koish said that procuring another aircraft from the market was 'smooth', demonstrating how efficiently such acquisitions can proceed when all parties cooperate

ACE

JETAIRWAYS

Adani Wilmar sees Q2 standalone revenue to rise 16% on higher sales volumes

Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range

MARICO

AWL

Nifty October futures trade at premium

Reliance Industries, HDFC Bank and State Bank of India were the top traded contracts.

RELIANCE

HDFCBANK

SBIN

Recently listed SME firm shares soar 7%; zoom 255% from IPO issue price

Sahaj Solar stock surged 6.63 per cent at Rs 638.95 per share on the NSE in the intraday trade of Friday

SAHAJ

Latest Market News Today Live Updates October 4, 2024: Stock market today: Trade setup for Nifty 50 to Israel-Iran war; five stocks to buy or sell on Friday — Oct 4

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GLOBAL

BSE to discontinue weekly derivatives contracts for Sensex50, Bankex; What will happen to current contract?

In a notification, the BSE announced that no new weekly contracts for the SENSEX 50 will be issued after the expiration of current unexpired contracts.

BSE

BoB to sell Oman operation to Bank Dhofar as part of rationalisation

State-owned Bank of Baroda (BoB) on Thursday said it proposes to sell its Oman operation to Bank Dhofar as part of rationalisation of foreign operation. The bank has accorded approval for accepting the offer for acquisition of the banking business of Bank's Oman territory operations by Bank Dhofar on a going concern basis, BoB said in a regulatory filing. This is subject to approval from concerned regulatory authorities, it said. The total business of BoB operation in the country was 113.35 million Omani Rial while the net worth stood at 25.54 million Omani Rial. It is to be noted that the bank has been rationalising its foreign operations based on a comprehensive evaluation framework. As part of this exercise, the wholesale branch in China was closed during 2020-21, and the entire stake in the wholly-owned overseas subsidiary at Trinidad and Tobago viz. Bank of Baroda (Trinidad and Tobago) Ltd was divested by way of sale to Ansa Merchant Bank Ltd. As of March 31, 2024, the BoB's