Shares of Manali Petrochemicals Ltd traded slightly higher on Tuesday, Nov 19, after the company announced the completion of its divestment of Notedome, its wholly owned step-down subsidiary. The stock was up 1.59%, trading at ₹68.94 as of 9:25 AM, compared to the previous close of ₹67.86.
The company confirmed that the sale to C.O.I.M. S.p.A. – Chimica Organica Industriale Milanese (C.O.I.M.) was completed on 17 November 2025, for a total consideration of €21.17 million (approximately ₹247 crore).
Sale part of strategic portfolio restructuring
Manali Petrochemicals said the divestment aligns with its strategy to sharpen focus on its polyols product portfolio and derivatives within the Indian market. As part of the agreement, the company will continue to market its cast elastomers in India under a new trademark.
C.O.I.M. expands global polyurethane systems footprint
The acquisition enables C.O.I.M. to strengthen its presence in the polyurethane systems sector, expanding its product and service capabilities across key European markets.
