Manali Petrochemicals Limited has officially wrapped up the sale of its wholly owned step-down subsidiary, Notedome Limited, to C.O.I.M. S.p.A. – Chimica Organica Industriale Milanese. The deal, completed on 17 November 2025, is valued at around £21.17 million, which roughly translates to INR 247 crore. The transaction went through smoothly after all required regulatory approvals were secured, following the initial announcement made on 20 October 2025.
This move is an important part of Manali Petrochemicals’ broader strategy to realign its portfolio and sharpen its focus on its core polyols and derivative businesses within the Indian market. By exiting Notedome, the company is aiming to streamline operations and put more energy, capital, and attention into businesses where it sees stronger long-term growth. Even after the divestment, Manali Petrochemicals will continue to market its cast elastomers in India under a fresh trademark, ensuring continuity for its customers.
For C.O.I.M., this acquisition opens up a much stronger foothold in the global polyurethane systems space. With Notedome now under its umbrella, C.O.I.M. is set to expand its capabilities across key European markets, strengthening both its product offerings and service network at an international level.
