India Cements Ltd is divesting its entire stake in PT Adcoal Energindo for IDR 10 Billion to improve operational efficiency, with the transaction expected to complete within six months.
Target Information
India Cements Ltd has announced that its subsidiaries, PT Coromandel Minerals Resources in Indonesia and Raasi Minerals Pte Ltd in Singapore, have entered into a share sale and purchase agreement for the divestment of their entire shareholding in PT Adcoal Energindo, Indonesia. The transaction entails a proposed consideration of IDR 10 Billion, approximately equivalent to ₹5.4 Crore.
Upon completion of this deal, PT Adcoal will no longer be a subsidiary of India Cements, and PT Mitra Setia Tanah Bumbu, which holds a 49% stake in PT Adcoal, will also terminate its status as an associate company. Notably, PT Adcoal has been a minor contributor to the overall performance of India Cements, amounting to merely 0.5% of the company's turnover in the financial year 2025.
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Industry Overview in Indonesia
Indonesia's cement industry has shown remarkable growth and resilience in recent years, influenced by the nation's expanding infrastructure projects and the growing demand for housing. This growth is attributed to t
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Disclosed details
Transaction Size: $1M
Net Income: $1M