India Cements Share Price in Focus as Company Plans to Sell Stake in PT Adcoal Energindo

India Cements Limited has disclosed its decision to sell its entire equity investment in PT Adcoal Energindo, Indonesia.  

This move is part of a strategic realignment of its subsidiary holdings, as the company continues to optimise its business operations. 

Details of the Stake Sale of India Cements 

On December 2, 2025, India Cements announced the sale of its stake in PT Adcoal Energindo through a Share Sale and Purchase Agreement (SSPA).  

The subsidiaries involved, PT Coromandel Minerals Resources, Indonesia, and Raasi Minerals Pte. Limited, Singapore, have agreed to sell their entire equity investment in PT Adcoal. 

The proposed sale consideration is IDR 10,00,27,20,000. The transaction is expected to be completed within 6 months, effectively ending PT Adcoal's status as a subsidiary of India Cements. 

Impact on Associated Companies 

Following the sale, PT Mitra Setia Tanah Bumbu, in which PT Adcoal holds a 49% equity investment, will cease to be an associate of India Cements.  

This decision aligns with India Cements' broader strategy to streamline its operations and focus on core business areas. 

Read More: Ambuja Cements Share Price in Focus as Company Commissions 4 MTPA Clinker Expansion! 

Buyers and Transaction Details 

The buyers, Mr Finsa Noorcahyo F and Mr Hari Sutikno, are Indonesian citizens and do not belong to the promoter or group companies of India Cements. The transaction is not classified as a related party transaction, ensuring transparency and compliance with regulatory norms. 

As of March 31, 2025, PT Adcoal contributed ₹20.72 crore to India Cements' turnover, representing 0.50% of the company's total revenue. Its net worth contribution stood at ₹6.48 crore, accounting for 0.24% of the company's net worth. 

India Cements Share Price Performance 

As of December 3, 2025, at 12:11 PM, India Cements share price on NSE was trading at ₹374.40 down by 2.23% from the previous closing price. 

Conclusion 

India Cements' decision to sell its stake in PT Adcoal Energindo reflects a strategic move to optimise its subsidiary portfolio. By divesting from non-core assets, the company aims to strengthen its focus on primary business operations and enhance shareholder value. 

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