Coromandel International Limited — Important, 12-08-2025: General Updates

Coromandel International has initiated a mandatory open offer to acquire up to 26% of NACL Industries' shares at ₹76.70 per share, potentially amounting to ₹402.39 Cr. This open offer follows Coromandel's acquisition of a 52.98% stake, making NACL its subsidiary and establishing Coromandel as the sole promoter. This strategic move is set to significantly bolster Coromandel's presence in the crop protection sector. NACL's board has been reconstituted, and its former promoters are now re-classified as public shareholders. The offer is not contingent on minimum acceptance, and all financial arrangements are firmly secured. Shareholders can tender their shares until early September.