Rane (Madras) to acquire Hindustan Composites' friction business for ₹370 crore

Rane (Madras) Ltd signed an agreement to acquire the friction business of Hindustan Composites Ltd for an enterprise value of ₹370 crore in a slump sale transaction. The deal includes two manufacturing plants in Maharashtra and the COMPO brand, and is expected to close by the end of the second quarter.

“Rane (Madras) Ltd (RML), an automotive components company of the Chennai-based Rane Group, on Wednesday said it has signed an agreement to acquire the friction business of Hindustan Composites Ltd (HCL) for an enterprise value of ₹370 crore in a slump sale transaction.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comRane (Madras) to acquire Hindustan Composites' friction business in ₹370-cr deal, ETAutoETAuto DeskJul 1, 2026
• autotechinsight.spglobal.comRane (Madras) signs deal to acquire Hindustan Composites’ Friction business - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 2, 2026

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