Coromandel to acquire controlling stake in NACL Industries

Coromandel International (BSE:COROMANDEL) announced it will acquire a 53% shareholding in NACL Industries for ₹820 Crore, at ₹76.70 per share. Following the share purchase agreement, Coromandel proposes an open offer to acquire up to 26% of NACL's equity share capital, subject to regulatory approvals. This positions Coromandel to be one of India’s leading crop protection companies, expanding its domestic presence and contract manufacturing capabilities. The transaction is subject to customary conditions and regulatory approvals and is expected to be completed by the end of Q2 of FY26. JM Financial Limited acted as Coromandel's financial advisor. The purchase from the promoter group KLR Products Limited amounts to 10,68,96,146 equity shares. Coromandel will also purchase 5,500 shares each from public shareholders Krishi Rasayan Exports Private Limited and Agro Life Science Corporation.