Coromandel International has increased its shareholding in NACL Industries through participation in a Rights Issue. The company acquired 18,824,301 fully paid-up equity shares for ₹76.70 each, increasing its stake from 53.06% to 53.73%. This move reinforces Coromandel’s investment in its subsidiary, NACL, supporting its growth in the agrochemicals sector.
Investment in NACL Industries
Coromandel International Limited has increased its stake in its subsidiary, NACL Industries Limited, by subscribing to a Rights Issue. The allotment was approved on December 31, 2025. Coromandel International has been allotted 18,824,301 fully paid-up Equity Shares.
Details of the Acquisition
The shares were acquired at an issue price of ₹76.70 per equity share. Following this allotment, Coromandel International’s total holding in NACL Industries has increased to 125,736,882 fully paid-up Equity Shares. The company’s shareholding percentage in NACL Industries now stands at 53.73%, up from 53.06%.
NACL Industries Overview
NACL Industries is involved in the business of manufacturing and selling crop protection technicals and formulations. As of March 31, 2025, NACL Industries reported a standalone turnover of ₹1,251.89 Crores and a consolidated turnover of ₹1,234.52 Crores. The company manufactures pesticides, insecticides, herbicides, fungicides and other plant growth chemicals.
Source: BSE
