Nacl

NACL zooms over 100% in 1 month as Coromandel set to acquire majority stake

Synergies from Coromandel and NACL's combined sourcing, consolidation of R&D, benefits from the management's expertise and financial reputation shall improve NACL's business profile.

NACL stock soars 60% in 4 days on Coromandel's plan to buy majority stake

The stock price of NACL has surged 16% to Rs 107.40 in intra-day trade on Monday and zoomed 99% thus far in the month of March.

Coromandel International to acquire 53% stake in NACL for Rs 820 crore

Proposed acquisition will position Coromandel as one of the leading players in Indian crop protection industry

Coromandel Int'l buys 53% stake in agro-chemical firm NACL for Rs 820 cr

Coromandel International Ltd has acquired a majority 53 per cent stake in agro chemical firm NACL Industries Ltd for Rs 820 crore and will launch an open offer to buy an additional up to 26 per cent of equity. In a regulatory filing on Wednesday, Coromandel International said the board has "approved the acquisition of 10,68,96,146 equity shares of the NACL Industries, representing 53.13 per cent of the paid up equity share capital..." A share purchase agreement has been signed amongst Coromandel International, NACL Industries Ltd, the seller (i.e, KLR Products Ltd); K Lakshmi Raju (being a promoter) and Bright Town Investment Advisor Pvt Ltd (being a member of the promoter/promoter group of the target). Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries. "Coromandel is set to acquire 53 per cent shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7 per share fr

NACL Q3 revenue up 7% at 179 crore

Total income for the nine months' period of the current financial year was Rs 656 crore