Coromandel completes NACL industries acquisition, open offer concludes

Coromandel International Limited has completed its open offer for NACL Industries Limited, acquiring 5,435 equity shares at an offer price of INR 76.70 per share, totaling INR 4,16,865. This follows the acquisition of 10,69,07,146 shares via share purchase agreements, bringing Coromandel's post-offer shareholding to 52.99%, effectively establishing control over NACL Industries.

The open offer aimed to acquire up to 5,24,62,320 fully paid-up equity shares, representing 26.00% of NACL Industries Limited’s voting share capital from public shareholders. The post-offer shareholding of the public stands at 47.01%.

The transaction also led to the re-classification of erstwhile promoters to the public category, impacting the overall shareholding structure. The post-offer advertisement was published across various newspapers on September 17, 2025.