Rane Holdings Ltd. — Capital/Financing Update 2021

Jan 7, 2021

HL/SE/52t2020-21	January 07,2
BSELimitedListingCentre	National StockExchangeoflndiaLtd.NEAPS
Scrip Code: 505800	Symbol: RANEHOLDIN

Ref:Ourletterno.RHL/SE/S212020-	21datedJanuaryOl,2021
Particulars	Details
a)name of the target entity, detailsin	Name : Rane (Madras) Limited ("RML/Company")
brief such as size, turnoveretc.
	Size:
	Year202020192018
	Turnover(lNRcr.)1100.521370.251237.31
	Paid-upcapital:INR 12.55 crores. (ason January06,2021)
	RMLisasubsidiary company of Rane Holdings Limited. RML
	sharesarelistedonBSELimitedandNationalStock
b)whethertheacquisitionwouldfall	Exchanqeof lndiaLimited.Rane Holdings Limited belongstoPromoterandpromoter
within relatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveany	groupofRML.Theissue priceis at arm'slengthandwasdeterminedinaccordancewiththeapplicableSEBIregulations.
interestinthe entity beingacquired?lfyes,natureofinterestanddetails
thereofandwhetherthesameisdone
at"arm's length"c)industry to whichtheentitybeingacquiredbelongs	Manufacturingofautocomponentsfortransportationindustry.
d)objectsandeffectsofacquisition(includingbut notlimitedto,disclosureofreasonsforacquisitionoftarget entity,ifitsbusinessisoutsidethemainlineofbusiness ofthelisted entity)	The acquisitionofequity shares was pursuanttotheexerciseofWarrants issuedonDecember18,2019by wayofpreferentialissuebyRMLtomeetitslongtermfinancialrequirementstowards capitalexpenditure,workingcapitalandto maintainits debt-equityratio. Thewarrant conversionratiois1:1, i.e. one equity shareofRs.10/- eachfully paid of
	RML for every onewarrantheldbythe CompanyinRML.
	Effects:TheshareholdingoftheCompanyinRMLhas
e)brief detailsofanygovernmentalorregulatory approvalsrequiredfortheacquisition	increased by 3.10%to66.52%Thelistingofthenewsharesissubjecttocustornaryapprovals includinglisting andtrading approvals fromStockexchanges(BSE&NSE)andlock-in requirements.
f)rndtcat¡vetimeperiod for completionoftheacquisition	ïheequityshares have beenallottedbythetssueandallotmentcommitteeof theboardofdirectorsofRMLon
	January07,2021.
gJnarureoTconstoeratton-whether	Cash
cash consideration or share swap
anddetailsofthesame	RHLhadonDecember18,2019paidthewarrant
	subscriptionprice(25o/oof the total issue price)ofRs.71.75
	perwarrant aggregatingINR12.50 croresforallotmentof
	17,42,160 warrants.
	R-H!hasonJanuary05,202ipaid thewarrant exercisepriceofRs.215.25perwarrant aggregatingINR 25.00ciores(beingbalance75o/owarrantexercisepricefor conversionof
	¡i1,6'1,440Warrants¡
	I

Particulars	Details
h)cost of acquisition orthepriceat	Equity shares were allotted at an issue priceofINR2B7l- per
whichtheshares are acquired	share.
percentageofshareholding/controlacquired and/ornumberofsharesacquired	Numberof equity shares acquired:11,61,440equitysharesofRs.10/-eachfullypaid-up arisingoutofconversion of
	balance outstandingequivalentnumber of warrants,
	Post-acquisition,theCompany holds 66.52%on theequity
	share capitalof1,37,15,331equity sharesofRs.10/-each
	fully paid-upofRML.
briefbackgroundabouttheentityacquired in termsofproducts/lineofbusiness acquired,dateof	Business:Manufacturingandmarketingautocomponentsfor the transportation industry.
incorporation, historyoflast3yearsturnover,countryinwhichthe	Dateoflncorporation:March 31,2004.
acquired entity has presence andany	forlastthreeINRurnovertnvears ilNKcr
other significant information (in brief)	Year202020192018
	Turnover1100.521370.251237.31
	llNRcr.):
	Gountryofpresence:lndia.RMLhasglobalbusiness
	presence.
	Significantinformation:
	ThereisnochangeinmanagementorcontrolofRML
	pursuanttothisallotment.Voting rights would changein
	tandem withtheshareholdinq oattern.