Acquisition of NACL Industries by Coromandel International finalized
Coromandel International Acquires Majority Stake in NACL Industries
In a significant move within the Indian business sector, Coromandel International has completed the acquisition of a 53% controlling stake in NACL Industries Ltd, making NACL a subsidiary and Coromandel its promoter [1][3][5]. The acquisition, which was finalised on August 8, 2025, involved purchasing approximately ₹820 crore worth of 10,69,07,146 equity shares [3].
Following the acquisition, Coromandel initiated an ongoing open offer under SEBI Takeover Regulations to acquire up to an additional 26% stake from the public shareholders of NACL Industries [3][5]. This offer remains in process and will follow prescribed regulatory timelines.
As part of the integration, Natarajan Srinivasan, Executive Vice-Chairman of Coromandel International, has been appointed as the Chairman of the reconstituted board of NACL Industries. S. Sankarasubramanian, Managing Director and CEO of Coromandel, has been appointed as a non-Executive Director on the board of NACL Industries. Dr. Raghuram Devarakonda, who resigned from his position as Executive Director at Coromandel, was appointed Managing Director and CEO of NACL Industries. Dr. Devarakonda brings strong leadership experience in crop protection and agri-inputs from his prior roles at Coromandel [1][3][5].
This acquisition strategically expands Coromandel’s footprint in the agrochemical sector, aiming to leverage synergies in product development and market reach under a reinforced leadership team [3][5]. The future plans for NACL Industries have not been specified at this time.
The acquisition of the controlling stake in NACL Industries by Coromandel International is a corporate move within the Indian business sector. The previous ownership structure of NACL Industries has not been revealed in the information provided.
This news marks a significant step for both Coromandel International and NACL Industries, as they embark on a new chapter of growth and collaboration in the agrochemical sector.
References: 1. Coromandel International acquires controlling stake in NACL Industries 2. Coromandel to acquire controlling stake in NACL Industries 3. Coromandel International acquires majority stake in NACL Industries 4. Coromandel International acquires controlling stake in NACL Industries 5. Coromandel International acquires majority stake in NACL Industries
- The business of Coromandel International has expanded with the acquisition of a majority stake in NACL Industries, a move that will impact the finance and stock markets.
- The agrochemical industry will witness shifts as a result of Coromandel International's acquisition of NACL Industries, potentially leading to changes in subscription and business models.
- The acquisition of NACL Industries by Coromandel International will likely influence other businesses in the industry, as it sets a benchmark for future mergers and acquisitions.
- With the acquisition, Coromandel International is now a key player in the business sector, owning a majority stake in NACL Industries and shaping its future in the agrochemical market.
