Rane Holdings Ltd. — Capital/Financing Update 2021

Sep 30, 2021

Registered Office Tel: 91 44 2811 2472 132, Cathedral Road, Chennai 600 086, India.

CIN: L35999TN1936PLC002202

Rane Holdings Limited

//Online Submission//

RHL/SE/ 35 /2021-22 September 30, 2021

BSE Limited	National Stock Exchange of India Ltd
Listing Centre	NEAPS
Code No. 505800	Code:RANEHOLDIN

Dear Sir / Madam,

Sub: Further acquisition in Rane t4u Private Limited - Regulation 30 SEBI LODR

We hereby intimate that the Rane Holdings Limited (RHL / The Company) has further acquired 83,35,000 equity shares of Rs. 10/- each fully paid up (12.72%) in its subsidiary Rane t4u Private Limited (RT4U), pursuant to subscription to the rights issue made by RT4U for Rs. 8,33,50,000/. The aggregate equity shareholding of RHL in RT4U post this acquisition stands increased to 97.46% (99.33% on a fully diluted basis).

RT4U is a subsidiary of the Company, which offers customized analytics-rich end-to-end telematics/connected mobility solutions for various transportation and asset tracking requirements in India and other countries across South Asia, Middle East and Africa.

The details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 **(**SEBI LODR) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A.

We request you to take the above on record under the aforementioned regulations of SEBI LODR and acknowledge receipt.

Thanking you,

Yours faithfully,

For Rane Holdings Limited

SIVA CHANDRAS EKARAN Digitally signed by SIVA CHANDRASEKARAN Date: 2021.09.30 15:41:34 +05'30'

Siva Chandrasekaran Secretary

Encl: a/a.

Annexure- A

Particulars	Details
a) name of the target entity, details in brief such	M/s. Rane t4u Private Limited
as size, turnover etc.	The Company's turnover during the immediately
	preceding financial year 2020-21 was Rs.10.99
	crores.Paid-up equity and preference share capital: INR
	37.85crores.
b) whether the acquisition would fall within related	No.
party transaction(s) and whether the promoter/	Mr. Harish Lakshmanis interested in his capacity as
promoter group/ group companies have any	director on both the companies.
interest in the entity being acquired? If yes,
nature of interest and details thereof and
whether the same is done at "arm's length"c) industry to which the entity being acquired	Connected mobility solutions
belongs
d) objects and effects of acquisition (including but	Objects:Acquisition of further shareholding by
notlimitedto,disclosureofreasonsfor	subscribing to the Rights Issue made by RT4U to
acquisition of target entity, if its business is	meet its working capital requirements and to
outside the main line of business of the listed	improve its debt equity position.
entity)
	Effects: The equity shareholding of the Company in
	RT4U has increased by 12.72% to 97.46% (99.33%
	on a fully diluted basis).
e) brief details of any governmental or regulatoryapprovals required for the acquisition	None
f) indicative time period for completion of the	The equity shares have been allotted by the
acquisition	allotment committee of the board of directors of
	RT4U on September 29, 2021
g) nature of consideration -whether cash	Cash investment in equity Shares
consideration or share swap and details of the
sameh) cost of acquisition or the price at which the	Cost of acquisition is Rs.8,33,50,000/-.
shares areacquired
i)percentage of shareholding / control acquired	Percentage: 12.72%
and / or number of shares acquired	No. of Shares: 83,35,000
j) brief background about the entity acquired in	Business:FleetTelematicsService
terms of products/line of business acquired,date of incorporation, history of last 3 years	Provider/Connected mobility solutions.Date of Incorporation: March 26, 2009.
turnover, country in which the acquired entity	Turnover for last three years(INR):
haspresenceandanyothersignificant	(Rs. in Crs)
information (in brief)	Year202120202019
	Turnover10.9919.7424.29
	Country of presence: Located in India. The
	services are provided in India, South Asia, Middle
	East and African countries.