Divestment18 Nov 2025, 04:12 pm
Manali Petrochemicals divests Notedome Limited to C.O.I.M. for INR 247 crores
AI Summary
Manali Petrochemicals Limited has completed the sale of its step-down subsidiary, Notedome Limited, to C.O.I.M. S.p.A. - Chimica Organica Industriale Milanese for a total consideration of approximately INR 247 crores. The divestment is part of Manali Petrochemicals’ strategic portfolio restructuring, aimed at sharpening its focus on its core businesses related to its polyols product portfolio and derivatives within the Indian market. As part of the agreement, Manali Petrochemicals will continue to market its cast elastomers in India under a new trademark.
Key Highlights
- Manali Petrochemicals divests its step-down subsidiary, Notedome Limited, to C.O.I.M. for INR 247 crores
- The divestment is part of Manali Petrochemicals’ strategic portfolio restructuring
- Manali Petrochemicals will continue to market its cast elastomers in India under a new trademark
- C.O.I.M. strengthens its international presence in the polyurethane systems sector
- The acquisition expands C.O.I.M.’s product and service capabilities in key European markets