Coromandel International has sought CCI approval to acquire a majority stake in NACL Industries.
The company plans to acquire a 53% stake in NACL Industries for Rs 820 crore, expanding its agro-chemical portfolio.
Coromandel International aims to enter the contract manufacturing business, fast-track new product commercialization, and expand its product portfolio through the acquisition.
The acquisition will help Coromandel International to enhance its scale and achieve future growth.