M&A

India Cements to sell entire stake in Coromandel Electric for Rs.36-Cr

Business Line  

Publicly listed India Cements is to sell its entire stake in Coromandel Electric Company Ltd (CECL) to fellow Chennai-based Adam & Coal Resources Private Ltd for INR 36 crore. Incorporated in 1997. CECL operates a natural gas-based power plant in Tamil Nadu.

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