Mumbai, Feb. 21 -- Rane Holdings announced that ICRA has reaffirmed its credit rating for bank lines of Rs 100 crore at ICRA AA-; Stable/ ICRA A1+ following review of the latest developments i.e. board approval by the respective entities for scheme of amalgamation of Rane Brake Lining and Rane Engine Valve into Rane (Madras).

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