Rane Holdings (RHL), the holding company of the Chennai based Rane group, an acknowledged leader in the manufacture of auto components in the country, has enhanced its equity shareholding to 45.24% in SasMos HET Technologies (SasMos), a Bangalore based company, engaged in the manufacture of interconnection system and wiring harness for defence and aerospace industry.

During September 2011 RHL had acquired 26% in the equity share capital of SasMos. The current further acquisition of 19.24% in SasMos is from Lumipol International B. V., a Netherland based company. RHL believes this to be a significant step towards enhancing its presence in the defence and aerospace sector.

Shares of the company gained Rs 7, or 1.2%, to settle at Rs 590. The total volume of shares traded was 483 at the BSE (Wednesday).