Rane (Madras) Limited — JV/Acquisition, 30-06-2026: Acquisition

Rane (Madras) Ltd (RML) is acquiring Hindustan Composites' friction business for ₹370 Cr. This strategic move establishes RML as India's market leader in friction materials, creating a ₹1,000+ Cr business platform. The acquisition, including the "COMPO" brand, will unlock significant operational synergies through manufacturing scale, expanded distribution, and enhanced R&D capabilities. This integration aims to bolster RML's product portfolio across automotive, railway, and industrial sectors, solidifying its leadership and driving long-term value for investors.