Coromandel International has received approval from the Competition Commission of India (CCI) to acquire 10,68,96,146 equity shares representing 53.13% of the paid-up equity share capital of NACL Industries from KLR Products, Mrs. K. Lakshmi Raju and Bright Town Investment Advisor.
Additionally, the Coromandel International has also received CCI’s approval to acquire 5,500 equity shares of NACL Industries from Krishi Rasayan Exports and 5,500 equity shares from Agro Life Science Corporation.
NACL Industries is a renowned player in the Agrochemical space. The company is an established player with PAN India presence and is among the top Indian Agrochemical companies.
