# 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.

- Type: Acquisition
- Announced: 2026-06-30
- Where: Paithan and Bhandara, Maharashtra, India
- Value: $45.0M (3.70B INR)
- Status: announced
- Products: brake linings, brake pads, brake blocks, clutch facings, industrial friction products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rane Madras](https://endata.com/companies/58387.md) (acquirer)
- [Hindustan Composites](https://endata.com/companies/92786.md) (target)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/rane-madras-to-acquire-hindustan-composites-friction-business-in-370-cr-deal/132111496), 2026-07-01: "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."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5289264/rane-madras-signs-deal-to-acquire-hindustan-composites-friction-business), 2026-07-02: "Rane (Madras) Ltd. will acquire Hindustan Composites Ltd.'s Friction business for an enterprise value of 3.7 billion rupees (nearly $38.9 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.