Rane (Madras) Completes Acquisition of Hindustan Composites Limited Friction Business
Rane (Madras) Limited (RML) announced the successful completion of its acquisition of the Friction Business from Hindustan Composites Limited (HCL). The transaction was finalized on August 20, 2026.The acquisition follows a Business Transfer Agreement (BTA) signed between RML and HCL on June 30, 2026. This agreement allowed Rane to acquire the friction business of HCL as a going concern through a slump sale basis.
Upon fulfilling all customary regulatory approvals and other closing conditions, the acquisition was completed today. The acquired Friction Business will be integrated into RML’s Brake Components Business segment.
The completion of this transaction strengthens RML's established leadership within the friction business sector. The integration process is set to proceed in a phased manner. This approach aims to drive operational synergies while maximizing value for stakeholders and customers, leveraging the complementary strengths of both businesses.
Management at Rane (Madras) Limited stated that the acquisition is expected to be EPS accretive from the year one onwards and will create additional opportunities for revenue growth and operational synergy.
About Rane (Madras) Limited
Rane (Madras) Limited is part of the Rane Group of Companies, a leading auto component group based in Chennai. RML serves as a preferred supplier to both Major OEMs and the Aftermarket across India and internationally. The company manufactures various automotive products including Steering and Suspension systems, Brake components, Engine components, and Light Metal Casting components. Its product range caters to diverse industry segments such as Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways, and Stationery Engines.
RML Stock Price Movement
Shares of Rane (Madras) Limited on Thursday slipped by 0.03% to settle at ₹1078.20 after the stock traded within a range, hitting a low of ₹1072 and a high of ₹1094.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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