Acquisitions14 Aug 2025, 11:52 am
Coromandel International Completes Acquisition of Controlling Stakes in NACL Industries
AI Summary
Coromandel International Limited has completed the acquisition of controlling stakes in NACL Industries Limited. The acquisition was carried out through KLR Products Limited, a subsidiary of Coromandel International, which sold 10,68,96,146 (Ten Crores Sixty-Eight Lakhs Ninety-Six Thousand One Hundred and Forty-Six only) Equity Shares of NACL Industries, amounting to 53.07% voting rights. This acquisition is in line with the Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation 2011.
Key Highlights
- Coromandel International Limited completes acquisition of controlling stakes in NACL Industries Limited.
- Acquisition carried out through KLR Products Limited, a subsidiary of Coromandel International.
- KLR Products Limited sold 10,68,96,146 Equity Shares of NACL Industries, amounting to 53.07% voting rights.
- Transaction is in line with the Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation 2011.
- NACL Industries Limited is a Target Company in this acquisition.