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India Cements to sell entire equity investment in Coromandel Travels, Raasi Cement

18 Mar 2025 Evaluate

The India Cements has received approval from Board of Directors to sell its entire equity investment in Coromandel Travels (CTL), a subsidiary of the Company. Upon completion of the said sale, CTL would cease to be a subsidiary.  

The company has also received approval to sell its entire equity investment in Raasi Cement (RCL), an associate of the Company. The Board of Directors at its meeting held on March 18, 2025 have approved the same. 

The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.

Peers
Company Name CMP
Ultratech Cement 10867.00
Ambuja Cements 359.65
ACC 1162.85
Shree Cement 22297.10
Dalmia Bharat 1612.95
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