Rain Commodities - Updates

Rain Commodities Ltd has informed BSE that the Company has sold 17,250,000 shares (including 75,000 shares held by Rain Commodities (USA) Inc, a wholly owned subsidiary) held in Petrolcum Cokc Industries Company, Kuwait to AL-Mal Investment Company, Kuwait for a consideration of Rs 76.58 Crores. With this sale, the Company has divested its entire equity holding of 11.5% in Petroleum Coke Industries Company, Kuwait.

The Company will utilize the amount realized from sale of stake for repayment of Debt and other operational purposes.