The buying on the counter came after the company announced it would consider raising funds in a meeting on December 1, 2025
Aditya Birla Sun Life AMC, SBI Life Insurance Company, SBI Cards and Payment Services, India Radiators, and Sigachi Industries will also release their September quarter earnings reports today
Shares of NACL Industries hit a new high of ₹252.20 in Thursday's intra-day trade, and were locked at the upper circuit for the seventh straight trading day - rallying 40% during this period.
Coromandel International's share price rose after the Competition Commission of India (CCI) approved its proposal to acquire a majority stake in NACL Industries.
Fair trade regulator CCI on Tuesday cleared Murugappa Group firm Coromandel International's proposal to acquire a stake in NACL Industries. NACL, a listed entity, operates in the agro-chemical sector. It offers crop protection products and active ingredients. "The proposed combination comprises acquisition of certain equity shares in NACL Industries Ltd (NACL) by Coromandel International Ltd (CIL)," the Competition Commission of India (CCI) said in a release. CIL is a leading agri solutions provider. It operates in two major segments, nutrient and other allied businesses and crop protection. "CCI approves acquisition of certain equity shares in NACL Industries Limited by Coromandel International Ltd," the regulator said in a post on X. In March this year, Coromandel International announced the acquisition of a majority -- 53 per cent -- stake in NACL Industries Ltd for Rs 820 crore. The company also said that it proposes to make an open offer to the public to acquire up to 26 per
Proposed acquisition will position Coromandel as one of the leading players in Indian crop protection industry
While the incoming investor will hold 16% equity after the infusion, the promoters are investing Rs 15 cr through equity warrants
Firm has drawn a plan to grow its exports and domestic business with a pipeline of new products