Rane (Madras) Price Movement Clarification
Rane (Madras) Limited clarified it has no comments regarding recent volume spurts. The company confirmed no impending material information or announcements requiring disclosure.
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Rane (Madras) Limited clarified it has no comments regarding recent volume spurts. The company confirmed no impending material information or announcements requiring disclosure.
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.
Rane (Madras) reported strong Q1 FY27 results with 18.8% YoY revenue growth. Strategy focused on friction business expansion via the Hindustan Composites acquisition to create a ₹1,000+ Cr platform.
Rane (Madras) Limited appointed Mr. Pawan Kumar Choudhary as President - Compo Division, effective August 20, 2026. The appointment supports their friction business operations.
Rane (Madras) Limited completed the acquisition of the friction business of Hindustan Composites Limited as a going concern, fulfilling all customary closing conditions.