Rane Group

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

The company informed bourses that its board had approved its fundraising plan, "including by way of issuance of equity shares and/or convertible securities to the promoter/promoter group

Rane (Madras), Rane Engine Valve, Rane Brake Lining and Rane Holdings were up in the range of 12% to 18% on BSE in intra-day trade.

Rane Engine, Rane Brake Lining, Rane Holdings and Rane (Madras) have rallied between 35%-74% thus far in Sep.

The planned investment is to expand Rane Madras, Rane NSK