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An update from NACL Industries Ltd ( (IN:NACLIND) ) is now available.
NACL Industries Ltd has announced that its board of directors approved a share purchase agreement with Coromandel International Ltd, which will acquire a 53.13% stake in the company. This transaction will result in Coromandel International gaining control and becoming a promoter of NACL Industries, subject to regulatory approvals. The deal also triggers an obligation for an open offer to the remaining shareholders under SEBI regulations, potentially impacting the company’s market dynamics and shareholder structure.
More about NACL Industries Ltd
NACL Industries Ltd operates in the agrochemical industry, focusing on the production and distribution of crop protection products. The company is known for its range of pesticides and other agricultural solutions, catering primarily to the agricultural sector.
YTD Price Performance: 5.52%
Average Trading Volume: 39,513
Current Market Cap: 14.14B INR
See more insights into NACLIND stock on TipRanks’ Stock Analysis page.
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