Announced Tue, 30 Jun · 19:30 IST
RML to acquire Hindustan Composites friction business for Rs 370 crore
RML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹1165.00
prior close
₹1195.00
base price
After-mkt
timing
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AI summary
Rane (Madras) Limited to acquire the friction business of Hindustan Composites Limited for Rs 370 crore cash on a slump sale basis. The target business, including the COMPO brand and two Maharashtra plants, posted Rs 315 crore revenue and Rs 40.29 crore PBT in FY26. Expected to close by September 30, 2026. Not a related party deal. Combined business will create a Rs 1,000+ crore friction materials platform, establishing market leadership across all major segments.
Likely market impact
Strategic acquisition creating a Rs 1,000+ crore friction platform with market leadership. Positive for long-term growth, scale and synergies.