Coromandel International Share Price Surges Over 2% on CCI Approval for NACL Acquisition

Coromandel International has received clearance from the Competition Commission of India (CCI) to acquire a majority stake in NACL Industries. The approval was communicated via a letter dated July 1, 2025.

Coromandel International Acquisition of Stake

As per exchange filings, the approved deal involves the purchase of 10,68,96,146 equity shares in NACL Industries, which represents 53.13% of the company’s paid-up capital. The shares will be acquired from existing promoters and promoter group entities.

The shares are currently held by KLR Products Ltd, Mrs. K. Lakshmi Raju (a promoter of NACL), and Bright Town Investment Advisor Pvt Ltd. Coromandel signed a share purchase agreement with these parties to acquire the stake.

Apart from the promoter stake, Coromandel will also acquire 5,500 shares each from Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation. These transactions are covered under separate share purchase agreements.

Transaction Value and Timeline

The company had earlier announced the deal in March 2025. The 53.13% stake is valued at approximately ₹820 crore. With the CCI’s approval, the transaction is expected to move to the next stage.

Following SEBI’s takeover regulations, Coromandel also plans to make an open offer to acquire up to 26% of NACL’s equity shares from public shareholders. This is part of the mandatory compliance process.

NACL Industries is listed and operates in the agrochemical sector, offering crop protection products and active ingredients. Coromandel International is part of the Murugappa Group and reported revenue of ₹22,290 crore for FY2023-24.

Read more: Bharat Forge Completes Acquisition of AAM India for ₹746.46 Crore!

Coromandel International Share Price Performance 

As of 09:48 AM on July 3, 2025, Coromandel International share price was at ₹2,326, a 2.33% increase. The stock is up 15.92% over the past 6 months and 43.34% over the past year.

Conclusion 

Coromandel can now go ahead with the share purchases and open offer after getting the required approval. The process will continue as per the agreements already in place.

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