The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Coromandel International Ltd
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Coromandel International Ltd, the promoter of NACL Industries, has acquired an additional 1,88,24,301 equity shares (0.67% of paid-up capital) in NACL Industries by subscribing to the company's Rights Issue, including additional shares allotted. Post this acquisition, Coromandel's holding in NACL Industries has risen from 53.06% (10.69 crore shares) to 53.73% (12.57 crore shares). The transaction was carried out under Regulation 10(4)(a) and (b) of SEBI Takeover Regulations, which exempts the acquirer from making an open offer since the shares were acquired through a rights issue route. The disclosure was filed on January 4, 2026.
This is a non-dilutive, routine increase in promoter holding via rights entitlement, signalling continued promoter confidence and commitment to NACL Industries. For shareholders, the stake consolidation slightly strengthens Coromandel's grip on the company but is unlikely to cause any major share price movement since it was a pre-committed rights issue subscription.