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Manali Petrochemicals Limited ( (IN:MANALIPETC) ) has provided an update.
Manali Petrochemicals Limited announced the sale of its entire stake in Notedome Limited, a wholly owned material step-down subsidiary, through its overseas subsidiary AMCHEM, SG. This transaction involves a Share Purchase Agreement with C.O.I.M. S.p.A., marking a strategic move in the company’s diversification and disinvestment efforts. The sale is expected to impact the company’s operational focus and potentially alter its industry positioning, with further updates to be provided as the transaction progresses.
More about Manali Petrochemicals Limited
Manali Petrochemicals Limited operates in the petrochemical industry, focusing on the production and distribution of petrochemical products. The company is involved in manufacturing products that serve various industrial applications, with a market focus on both domestic and international sectors.
Average Trading Volume: 79,686
Technical Sentiment Signal: Buy
Current Market Cap: 12.53B INR
Find detailed analytics on MANALIPETC stock on TipRanks’ Stock Analysis page.