NACL Industries Limited has informed the Exchange about General Updates
NACLIND · price
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Coromandel International Limited has received approval from the Competition Commission of India (CCI) on July 1, 2025, to acquire a majority stake in NACL Industries Limited. The acquisition covers 10,68,96,146 equity shares (53.13% of paid-up equity capital) from promoter KLR Products Limited, along with 5,500 shares each from public shareholders Krishi Rasayan Exports and Agro Life Science Corporation. The deals are based on Share Purchase Agreements signed on March 12, 2025. With this regulatory clearance, the transaction is moving closer to completion, pending further regulatory steps including the mandatory open offer to public shareholders.
This is a significant positive development for NACL shareholders as the acquisition now has antitrust clearance, bringing the change of control closer. Public shareholders should expect a mandatory open offer from Coromandel at the acquisition price in the coming weeks, offering an exit opportunity.