Rane Holdings Limited (BSE:505800) acquired additional 6.8% stake in Telematics4u Services Pvt. Ltd. for INR 0.66 million on June 30, 2021. As per the transaction Rane Holdings Limited acquired 0.11 million shares of Telematics4u Services Pvt. Ltd. representing 6.8% stake. The consideration is paid in cash. As on March 31, 2021, Telematics4u Services Pvt. Ltd. generated revenues of approximately INR 110 million. The aggregate equity shareholding of Rane Holdings Limited in Telematics4u Services Pvt. Ltd. stands at 76.81%. Rane Holdings Limited (BSE:505800) completed the acquisition of additional 6.8% stake in Telematics4u Services Pvt. Ltd. for INR 0.66 million on June 30, 2021.