Rane (Madras), India to acquire Hindustan Composites' friction business for INR 3.7 billion
On June 30, Rane (Madras) Limited signed a business transfer agreement with Hindustan Composites Limited (HCL) to acquire HCL's friction business as a going concern on a slump sale basis for a lump sum consideration of INR 3.7 billion on a cash-free, debt-free basis. The acquisition includes all assets, liabilities,



Japan
USA
Mexico
Germany
China (Shanghai)
Thailand
India