Rane to Acquire Hindustan Composites Friction Business for $39 Million
Updated on July 02, 2026 • 4 min read Rane (Madras) Limited has agreed to acquire the friction business of Hindustan Composites Limited for an enterprise value of ₹370 crore (US$39.1 million), expanding its presence in India’s automotive and industrial braking materials market. The transaction, structured as a slump sale, includes the well-established COMPO brake-lining
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