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Coromandel International acquires 53% share in NACL Industries
Agrospectrum India May 2025
|AgroSpectrum
In exchange for Rs 820 crore at Rs 76.7 per share, Coromandel plans to purchase a 53 per cent stake in NACL Industries from the current promoter, KLR Products.
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By the SEBI Takeover Regulations, Coromandel also plans to launch an open offer to the general public to purchase up to 26 per cent of the company's equity share capital. The proposed deal is anticipated to be completed in the upcoming months, pending regulator
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