Coromandel International Ltd has announced its acquisition of a majority 53% stake in agrochemical firm NACL Industries Ltd for Rs 820 crore. This strategic move aligns with Coromandel’s long-term vision to drive growth and secure market leadership in the Indian crop protection industry. The company’s board has approved the purchase of 10,68,96,146 equity shares of NACL Industries, equivalent to 53.13% of the equity capital.
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