Coromandel International Acquires 26.00% Stake in NACL Industries Through Open Offer

Coromandel International Limited (the ‘Acquirer’) has successfully completed an open offer to acquire 26.00% (Twenty Six Percent) of the Voting Share Capital from the Public Shareholders of NACL Industries Limited (the ‘Target Company’). The open offer, which was made in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was for the acquisition of 5,24,62,320 (Five Crore Twenty Four Lakhs Sixty Two Thousand Three Hundred Twenty) fully paid-up equity shares of face value of ¥ 1/- (Rupee One each) of the Target Company. The offer was managed by JM Financial Ltd and the shares were offered at a price of INR 76.70 per Equity Share.