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Acquisition

Rane (Madras) Acquisition Worth ₹370 Cr

Rane (Madras) Limited has completed the acquisition of the friction business of Hindustan Composites Limited for ₹370 Crore. This transaction aligns with the previously announced Business Transfer Agreement.

Key figures
Value₹370.0 Cr
Source

NSE filing, NSE: RML. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Rane (Madras) Ltd: key numbers

Share price
₹1,224.70
Market cap
₹3,385 Cr
Revenue (annual)
₹3,863 Cr
Net profit (annual)
₹107.5 Cr
P/E (TTM)
28.4×Sector 30.9×
Promoter holding
70.46%+0.01% QoQ
FII holding
0.33%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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