Rane Brake relists, sees FY09 sales at 2.25bln rupees

Newswire

MUMBAI, June 20 (Reuters) - Automobile and railway ancillary maker Rane Brake Lining Ltd which relisted on Friday, expects FY09 net sales over 2.25 billion rupees, its Chairman L Lakshman told a news channel. Its annual profit would be in the range of 7 percent to 8 percent of sales, Lakshman told the CNBC-TV18 channel. The relisting follows the demerger of Rane Brake Lining's manufacturing business into a new company, a company official said. The investment-related businesses of the old ...

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