Rane (Madras) Completes Acquisition of Friction Business of Hindustan Composites
Chennai, August 21st: Rane (Madras) Limited (RML) today announced the successful completion of the acquisition of the Friction Business of Hindustan Composites Limited (HCL). The Business Transfer Agreement was signed on June 30, 2026 and was subject to customary regulatory approvals and other closing conditions. With the conditions having been fulfilled, the transaction has now…