Rane (Madras) Completes Acquisition of Hindustan Composites’ Friction Business

Chennai, Aug 21 (TNT): Rane (Madras) Limited (RML), a part of the Rane Group of Companies, on Friday announced the completion of its acquisition of the Friction Business of Hindustan Composites Limited (HCL).

The Business Transfer Agreement for the acquisition was signed on June 30, 2026 and was subject to customary regulatory approvals and other closing conditions, the company said in a release here.

The conditions having been fulfilled, the transaction has now been completed, RML said.

HCL’s Friction Business will be integrated into RML’s Brake Components Business as part of the transaction.

The acquisition is expected to strengthen RML’s position in the friction business, while the integration will be carried out in a phased manner to maximise value for customers and stakeholders, the company said.

The integration is also expected to generate operational synergies by leveraging the complementary strengths of the two businesses.

RML said the acquisition is expected to be earnings per share (EPS) accretive from the first year and create further opportunities for revenue and operational synergies.

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