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Rane Holdings has hiked its stake in SasMos HET Technologies, a components manufacturer for defence and aerospace industry.
According to Rane Holdings’ announcement on the BSE, it has acquired an additional 19.24 per cent in SasMos HET, a Bengaluru-based company in which it previously held 26 per cent.
According to information available on the SasMos HET website, Lumipol supported promoters of SasMos, incorporated in 2007, acquire HET and start business of electrical interconnection systems. Subsequently, Rane Holdings took a stake in 2011 when the company got into manufacturing harnesses.
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