Introduction:
Auto ancillary stock announced April 22, 2025, as the record date for a share swap under an approved merger plan, enabling eligible shareholders to receive equity shares of the acquiring company in accordance with SEBI’s listing and disclosure regulations.
Share Price movement of Rane Brake Lining:
On April 7, 2025, Rane Brake Lining Limited opened at ₹680.00, reaching a high of ₹687.50 and a low of ₹652.55, down 3.24% from the previous close of ₹706.20. The stock is currently trading at ₹683.35, with a market cap of ₹528.22 Crores.
Rane Brake Lining share price rise:
Rane Brake Lining Limited has reported that April 22nd, 2025 has been set as the record date regarding the share swap arrangement with the acquiring company.This is being done to identify the qualified shareholders of the company who will be receiving the equity shares of the acquiring company called Rane (Madras) Limited.
Agreed scheme of amalgamation between the Company and Rane (Madras) Limited: As per the agreed amalgamation plan, the shareholders of the Company will get 21 (Twenty One) fully paid-up equity shares of Rupees 10 each of Rane (Madras) Limited for every 20 (Twenty) fully paid-up equity shares of Rupees 10 each held by.
The record date for the following Annual General Meeting has not been established. The record date shall be determined in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations of 2015. The stock exchanges are kindly requested to take it on record as a part of regulatory compliance.
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Recent news About Rane Brake Lining:
In the fourth quarter of FY24, the company reported a 28% year-on-year increase in profit after tax, reaching ₹15.4 crore. Total revenue for the quarter rose by 12.6% to ₹186.7 crore.
Stock performance of Rane Brake Lining for Period of 1 week, 6 months and 1 year:
Rane Brake Lining stock gained 2.20% over the past week, showing short-term recovery. However, it declined significantly by 38.4% in the last six months. Over the past year, the stock recorded a negative return of 8.65%, reflecting overall weak performance.
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Shareholding pattern of Rane Brake Lining:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 70.93 | 70.93 | 70.93 |
| FII | 0.06 | 0.13 | 0.09 |
| DII | 3.3 | 3.41 | 4.17 |
| Retail & others | 25.71 | 25.52 | 24.81 |
About Rane Brake Lining:
Rane Brake Lining Limited (NSE: RBL) is an Indian auto ancillary company specializing in manufacturing brake linings, disc pads, and clutch facings. It serves major automotive OEMs and aftermarket clients, with a strong presence across passenger, commercial, and off-highway vehicle segments.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
