Announced Tue, 30 Jun · 19:30 IST
RML acquires HCL friction business for Rs 370 crore
RML · price
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Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹1165.00
prior close
₹1195.00
base price
After-mkt
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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.