India Cements sells its entire stake in Industrial Chemicals and Monomers Ltd for ₹98 crore

BL Chennai Bureau Updated - June 21, 2025 at 06:36 PM.

The annual report 2024 of the Tirunelveli-registered ICML indicates that the company suspended operations owing to the business becoming unviable on the grounds highlighted in our previous reports

India Cements is selling its entire equity investment held in Industrial Chemicals and Monomers Ltd (ICML) to Mirai Sensing Private Ltd for ₹98 crore, the company said in an announcement to the Bombay Stock Exchange.

Upon completion of the said sale, ICML would cease to be a subsidiary, the announcement adds.

Advertisement
Advertisement

The annual report 2024 of the Tirunelveli-registered ICML indicates that the company suspended operations owing to the business becoming unviable on the grounds highlighted in our previous reports. The company is evaluating various options for its revival, it adds.

Published on June 21, 2025 11:11
Tags

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
or read this article by Downloading TheHindu Businessline News app
If you're already a subscriber

TheHindu Businessline operates by its editorial values to provide you quality journalism.

Support our reporting.
Subscribe
This is your last free article.
to read unlimited content from TheHindu Businessline
Subscribe
Stay updated on Markets,Economy, Agri & more.
Get TheHindu Businessline News App on
Recommended Articles