.jpg)
India's Coromandel International to buy 53% stake in NACL Industries
Coromandel International will acquire a 53 per cent stake in NACL Industries for Rs 820 crore (~$94.52 mlln) at Rs 76.7 per share, with an open offer for an additional 26 per cent. The deal strengthens Coromandel’s crop protection business, expands contract manufacturing, and accelerates product innovation. The transaction is subject to regulatory approvals.
Coromandel International will acquire a 53 per cent stake in NACL Industries for Rs 820 crore (~$94.52 mlln) at Rs 76.7 per share, with an open offer for an additional 26 per cent.
The deal strengthens Coromandel’s crop protection business, expands contract manufacturing, and accelerates product innovation.
The transaction is subject to regulatory approvals.
