Blue River Capital through its Mauritius based Investment company has bought 10.22% stake in Rane Holdings (RHL), the holding company of Chennai-based auto component manufacturer, Rane Group.
With this acquisition Blue River will now join the Rs 14 billion Rane Group’s board of directors.
Rane Holdings shares have gained Rs 1.9, or 1.23%, and are trading at Rs 155.9 as on Friday.
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