Rane (Madras) Ltd

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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.

Value

₹370.0 Cr

AcquisitionAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Rane (Madras) Acquisition

Rane (Madras) Limited completed the acquisition of the friction business of Hindustan Composites Limited as a going concern, fulfilling all customary closing conditions.