Merger/Acquisition
Hindustan Composites approves slump sale of Friction business
Hindustan Composites: members approved slump sale of Friction Business Undertaking to Rane (Madras) Ltd for INR 370 crore; Friction business had FY26 turnover INR 315.04 crore (84% of group). Completion expected on or before 2026-09-30.




