RML acquires HCL friction business for Rs 370 crore

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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.

Minutes after the announcementfrom the announcement price · no benchmark

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

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AI summary

Rane (Madras) has signed a Business Transfer Agreement to acquire Hindustan Composites' friction business on a slump sale basis for an enterprise value of INR 370 crore. The acquired unit reported FY26 revenue of INR 315.04 crore and PBT of INR 40.29 crore. It includes the COMPO brand and two Maharashtra plants. Post deal, RML's friction revenue will cross INR 1,000 crore, making it a market leader. Subject to regulatory approvals, expected close by end of Q2.

Likely market impact

Strengthens RML as the leading friction platform with over Rs 1,000 crore combined revenue; accretive deal pending regulatory approvals.