eTrans Solutions Private Limited entered in to agreement to acquire Telematics4u Services Pvt. Ltd. from Rane Holdings Limited (BSE:505800) for INR 85 million on July 3, 2023. Rane Holdings will receive 11.94% equity shares of eTrans in return. Telematics4u reported Net worth of INR 11.2 million for financial year 2022-23. The deal is subject to completion of customary closing conditions and is expected to complete on or before July 31, 2023. Praveen Nair and Bhargav Vishwanath of IMAP India acted as financial advisors for Rane Holdings.

eTrans Solutions Private Limited completed the acquisition of Telematics4u Services Pvt. Ltd. from Rane Holdings Limited (BSE:505800) on July 19, 2023. With this acquisition, Rane t4u becomes a part of eTrans and is henceforth named eTrans t4u.