Sale2 Dec 2025, 05:50 pm
India Cements Ltd to Sell Subsidiary PT Adcoal Energindo for IDR 10,002,720,000
AI Summary
India Cements Ltd has entered into a Share Sale and Purchase Agreement (SSPA) to sell its entire equity investment in PT Adcoal Energindo, a stepdown subsidiary in Indonesia. The sale consideration is IDR 10,002,720,000. Upon completion of the sale, PT Adcoal would cease to be a subsidiary of the company. The buyers do not belong to the promoter/promoter group or group companies and the transaction is not a related party transaction. The sale is not part of a Scheme of Arrangement.
Key Highlights
- India Cements Ltd to sell PT Adcoal Energindo, a stepdown subsidiary in Indonesia, for IDR 10,002,720,000
- The buyers do not belong to the promoter/promoter group or group companies
- The transaction is not a related party transaction
- The sale is not part of a Scheme of Arrangement