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Chennai March 12 The promoters the Rane group of Chennai have raised their stake in Rane Holdings Ltd (a listed company), by 16.87 per cent through a preferential allotment of shares, to 51.28 per cent, the group informed the stock exchanges on Monday. Concurrently, Rane Holdings has raised its stake in Rane (Madras) Ltd by 9.47 per cent to 51.24 per cent. The mode of acquisition has been mentioned as `inter se transfer among promoters'.

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