Rane Holdings has decided to take a 70 per cent stake in Benguluru-based Telematics4U Services Pvt Ltd. The acquisition of T4U will enable it to enhance its capability in connectivity which is a “mega trend influencing transportation sector. Rane will pay Rs.1.17 cr. for the 70 per cent equity stake by subscribing to a fresh issue of shares and purchase from existing shareholder. T4U will benefit from the growing demand for improved fleet efficiency, vehicle diagnostics and IoT-based solutions.