RML to acquire Hindustan Composites friction business for Rs 370 crore

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

RML · price

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

+2.3%Reaction day

₹1165.00

prior close

₹1195.00

announcement price

After-mkt

timing

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

Stock

-1.7

10m

-1.2

15m

-1.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3+0.2+2.2+0.7+1.7

Next day

+2.1+1.0+1.0+2.0+0.1

+3.6+0.7+2.9+2.1+1.5

+7.3+0.9+6.4+1.4+5.9

+5.2+0.2+5.0+1.2+4.0

+7.7-1.8+9.6-0.4+8.1

+11.4+1.4+9.9+1.0+10.4

15d

-1.7-0.6-1.1+0.7-2.4

+4.2+1.5+2.7+3.5+0.7

-3.5+4.5-8.1+3.5-7.1

+16.4+3.1+13.3+2.4+14.0

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

Minute windows have no benchmark: there is no intraday index history to compare against.

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.