Coromandel International gains on getting CCI`s approval to acquire 53.13% stake in NACL Industries
Coromandel International is currently trading at Rs. 2283.30, up by 11.45 points or 0.50% from its previous closing of Rs. 2271.85 on the BSE.
The scrip opened at Rs. 2326.55 and has touched a high and low of Rs. 2376.35 and Rs. 2280.50 respectively. So far 13560 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2649.95 on 02-May-2025 and a 52 week low of Rs. 1535.30 on 23-Jul-2024.
Last one week high and low of the scrip stood at Rs. 2543.15 and Rs. 2208.40 respectively. The current market cap of the company is Rs. 67284.97 crore.
The promoters holding in the company stood at 56.96%, while Institutions and Non-Institutions held 29.57% and 13.45% respectively.
Coromandel International has received approval from the Competition Commission of India (CCI) to acquire 10,68,96,146 equity shares representing 53.13% of the paid-up equity share capital of NACL Industries from KLR Products, K. Lakshmi Raju and Bright Town Investment Advisor.
Additionally, the company has received CCI’s approval to acquire 5,500 equity shares of NACL Industries from Krishi Rasayan Exports and 5,500 equity shares from Agro Life Science Corporation.
Coromandel International is India’s second largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail.
