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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 10647.00
Ambuja Cements 358.75
ACC 1175.00
Shree Cement 21384.65
Dalmia Bharat 1664.90
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