Rane Holdings Gets CCI Approval for Acquiring 51% Stake in Steering Systems.

National

Rane Holdings has received approval from the Competition Commission of India (CCI) to acquire a 51% stake in Steering Systems. This acquisition marks a significant expansion for Rane Holdings in the automotive sector, enhancing its capabilities in steering technology. The approval from CCI underscores the regulatory body's endorsement of the deal, which is expected to strengthen Rane Holdings' market position and drive growth in its steering solutions segment. The acquisition aligns with Rane Holdings' strategy to diversify and bolster its presence in the global automotive industry.


      The acquisition will enhance Rane Holdings’ technological expertise in steering systems, benefiting from advanced industry innovations.

      This deal positions Rane Holdings to expand its influence in the global automotive market and drive future growth.

     

 

     


About CCI,

Chairperson : Ravneet Kaur
Headquarters: New Delhi
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