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Coromandel International Seeks CCI Nod for Majority Stake Acquisition in NACL Industries

  • 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.

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