Acquisitions6 Sept 2025, 01:42 pm
Coromandel International Announces Open Offer for 26% Stake in NACL Industries at INR 76.70 Per Share
AI Summary
Coromandel International Limited has announced an open offer for acquisition of up to 52,462,320 fully paid-up equity shares of face value of INR 1/- each from the Public Shareholders of NACL Industries Limited, representing 26% of the Voting Share Capital, at a price of INR 76.70/- per Equity Share. The tendering period, originally proposed to be open for a period of 10 Working Days, has been extended to Tuesday, September 09, 2025 due to a change in public holiday schedule.
Key Highlights
- Coromandel International announces open offer for 26% stake in NACL Industries
- Offer price set at INR 76.70 per equity share
- Total consideration of up to INR 4,02,38,59,944/-
- Tendering period extended to Tuesday, September 09, 2025
- Change in public holiday schedule leads to extension of tendering period