Coromandel International Limited — Updates, 12-03-2025: Press Release

Coromandel International has signed a definitive agreement to acquire a controlling 53% stake in NACL Industries for ₹820 Crores at ₹76.7 per share. This strategic move will position Coromandel as a key player in the Indian crop protection industry, enhancing its capabilities in technical and formulation products. The acquisition is set to broaden Coromandel's product portfolio and accelerate its entry into contract manufacturing, benefiting from NACL's established operations and strong brand presence in domestic markets.

NACL operates Technical and Formulation plants in Andhra Pradesh and has a centralized R&D facility near Hyderabad. The transaction is subject to regulatory approvals and is expected to close in the coming months, with plans for an open offer to the public for an additional 26% stake in NACL. The leadership at Coromandel believes this acquisition aligns with their long-term growth strategy, aiming to leverage combined distribution and manufacturing strengths to increase market share and operational efficiency.