Announced Thu, 20 Aug · 21:47 IST
Rane Madras completes acquisition of HCL friction business
RML · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1077.00
prior close
₹1092.40
base price
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AI summary
Rane Madras has completed the acquisition of the friction business of Hindustan Composites Limited (HCL) on August 20, 2026. The deal was originally signed on June 30, 2026 as a Business Transfer Agreement on a slump sale basis and has now closed after all conditions were met. HCLs friction business will be integrated into RMLs Brake Components Business. The acquisition is expected to be EPS accretive from year one and create revenue and operational synergies.
Likely market impact
Closes the deal, strengthens RMLs brake components business, EPS accretive from year one with revenue and operational synergies ahead.