Rane (Madras) Limited Completes Acquisition of Hindustan Composites' Friction Business
Rane (Madras) Limited announced the successful completion of its acquisition of Hindustan Composites Limited's friction business on August 20, 2026. The deal, initiated with a Business Transfer Agreement on June 30, 2026, is expected to be EPS accretive from year one.
The acquisition of a business segment is a significant corporate action that can impact revenue, market share, and profitability, thus having a medium-term impact on the company.
The acquisition is expected to strengthen RML's market leadership and be EPS accretive, indicating a positive strategic move for the company.
Rane (Madras) Limited (RML) has successfully completed the acquisition of the Friction Business of Hindustan Composites Limited (HCL). This follows the Business Transfer Agreement signed on June 30, 2026, and the fulfillment of all conditions precedent and customary closing conditions.
The acquired friction business will be integrated into RML's existing Brake Components Business. RML anticipates that this acquisition will strengthen its leadership in the friction sector and is expected to be Earnings Per Share (EPS) accretive from the first year onwards. The integration process will be phased to maximize value for customers and stakeholders, aiming to achieve operational synergies and leverage complementary strengths.
RML is a prominent auto component manufacturer based in Chennai, part of the Rane Group. The company supplies a wide range of automotive products, including steering and suspension systems, brake components, engine components, and light metal casting components, to major OEMs and the aftermarket in India and internationally. The acquisition of HCL's friction business is a strategic move to further enhance its market position.
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Rane (Madras) Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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