Rane Madras to acquire HCL friction business for Rs 370 crore

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.2% vs market

Auto Components & Equipments peers, median of 118sector+0.7%+1.7% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.7 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 118Pending

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AI summary

Rane (Madras) signed a Business Transfer Agreement to acquire Hindustan Composites' friction business on a slump sale basis for Rs. 370 crore in cash. Deal includes the COMPO brand, two Maharashtra plants, and full friction product range. HCL friction business posted Rs. 315 crore revenue and Rs. 40.29 crore PBT in FY26. Deal expected to close by September 30, 2026, creating a Rs. 1,000+ crore friction platform.

Likely market impact

Strengthens RML's leadership in friction materials. Combined revenue over Rs. 1,000 crore. Synergies and growth expected. Positive for shareholders.