Coromandel International shares gain 4% after CCI approves NACL acquisition
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Coromandel International’s share price rose 4% to Rs 2,369.40 on Thursday, July 3, 2025, after the company announced a major regulatory approval. The rally lifted Coromandel’s market capitalisation to Rs 69,200 crore. In a regulatory filing, the company stated that the Competition Commission of India (CCI) has approved its proposed acquisition of a majority stake in NACL Industries Limited. The deal involves the purchase of approximately 10.69 crore equity shares, representing 53.13% of NACL’s paid-up capital, from KLR Products Ltd, Mrs. K. Lakshmi Raju, and Bright Town Investment Advisor Pvt Ltd, under a Share Purchase Agreement (SPA). As part of the overall transaction, Coromandel will also acquire an additional 11,000 equity shares — 5,500 each from public shareholders Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation — through separate agreements signed in March 2025. Stock Performance and Technical Overview Live Events...