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    RML — Rane (Madras) News Story

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    India's Rane (Madras) gains on completing buy of Hindustan Composites' friction business

    Picture of Rane (Madras) logoRane (Madras)
    21/08/2026 09:02
    BUZZ-India's Rane (Madras) gains on completing buy of Hindustan Composites' friction business
    ** Shares of Rane (Madras) RAMD.NS rise as much as 4.7% to 1,129 rupees 
    ** Auto components maker says it completed acquisition of Hindustan Composites' HFRD.NS friction business
    ** Adds, business will be integrated into Rane's brake components business
    ** Says acquisition is expected to be EPS accretive from the first year and create revenue and operational synergies
    ** Stock up 38% YTD

    (Reporting by Payel Das in Bengaluru)
    ((Payel.das@thomsonreuters.com))

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