Rane (Madras) Limited — JV/Acquisition, 20-08-2026: Acquisition

Rane (Madras) Limited (RML) has successfully completed the acquisition of Hindustan Composites Limited (HCL)'s Friction Business. This strategic acquisition strengthens RML's established leadership in the friction business, integrating HCL's operations directly into RML's Brake Components division. Investors can expect this deal to be EPS accretive from the first year, creating significant opportunities for revenue growth and operational synergies. RML aims to maximize value by leveraging complementary strengths and driving efficiency across the combined businesses.