JM Financial Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Notice for the attention of the Public Shareholders of NACL Industries Ltd ("Target Company").
NACLIND · price
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Awaiting price reaction for this filing.
Coromandel International Limited has launched an open offer to acquire up to 5.24 crore equity shares (26% of voting share capital) of NACL Industries Ltd from public shareholders at ₹76.70 per share, for a total consideration of up to ₹402.38 crores in cash. This filing is an addendum to the earlier offer documents, announcing a one-day extension of the tendering period. The closing date has been revised from September 8, 2025 to September 9, 2025, because the Maharashtra government declared September 8 as a public holiday for Eid-e-Milad (replacing the earlier September 5 holiday). SEBI approved the revised schedule, making the total tendering period 11 working days instead of 10. Public shareholders may tender their shares until the new closing date.
This is a procedural update and does not change the offer price or size. Shareholders who wish to tender have one extra day to participate in the Coromandel International open offer for NACL Industries.