Rane Holdings' ₹50 Crore Investment to Boost Steering Systems Business.

Rane Holdings Ltd has injected ₹50 crore into its fully owned subsidiary, Rane Steering Systems Private Ltd (RSSL), through a rights issue of equity shares. The transaction, completed on August 19, 2025, is aimed at boosting the subsidiary's growth and operational capabilities.

RSSL, a key manufacturer of steering columns, allotted 20 lakh equity shares at an issue price of ₹250 each. This included a premium of ₹240 per share.

The investment is intended to cover RSSL's operational and capital expenditure needs, enabling the subsidiary to pursue new growth opportunities. Rane Holdings will maintain its 100% ownership of the Chennai-based auto components company.

RSSL was incorporated in March 1995 and reported a turnover of ₹1,706.33 crore for the financial year ending March 2025.