Coromandel International Ltd Share Price – NSE /  BSE

Fertilizers, Small Cap

Coromandel International announced the signing of definitive agreements to acquire majority stake in NACL Industries (NACL).

NACL is an India based Crop Protection player having strong branded formulation business in domestic markets, exports Technicals in key global geographies and has presence in contract manufacturing operations with global multinational agrochemical companies.

Coromandel is set to acquire 53% shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7/- price per share from the current promoter KLR Products. Coromandel also proposes to make an open offer to the public to acquire upto 26% of the equity share capital of the company as per the SEBI Takeover Regulations. The proposed transaction is subject to regulatory approvals and is likely to be consummated over next few months.

 The proposed acquisition will position Coromandel as one of the leading players in the Indian Crop Protection industry with a wide range of technicals and pan India presence in domestic formulation business. This will also help in expanding Coromandel's scale, accelerating its entry into contract manufacturing business, fast-tracking new product commercialization and expanding its product portfolio.

NACL Industries operates Technical and Formulation plants in Andhra Pradesh, besides having centralized R&D facility near Hyderabad. NACL's subsidiary has also recently invested in Technical grade facility at Dahej, capable of manufacturing Active Ingredients. It has established formidable partnerships with key global players, offering contract manufacturing services for over two decades. The company has strong brand presence in domestic formulations segment with pan India footprint.

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The Board of Coromandel International at its meeting held on 30 January 2025 has approved the issuance of corporate guarantee for an amount of up to USD 11 million in favour of one or more banks for availing working capital facilities by Baobab Mining & Chemicals Corporation, Senegal, an associate Company.

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Net profit of Coromandel International rose 121.56% to Rs 511.77 crore in the quarter ended December 2024 as against Rs 230.98 crore during the previous quarter ended December 2023. Sales rose 26.92% to Rs 6935.19 crore in the quarter ended December 2024 as against Rs 5464.15 crore during the previous quarter ended December 2023.

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The Board of Coromandel International at its meeting held on 30 January 2025 has approved the issuance of corporate guarantee for an amount of up to USD 11 million in favour of one or more banks for availing working capital facilities by Baobab Mining & Chemicals Corporation, Senegal, an associate Company.

Powered by Capital Market - Live News

Net profit of Coromandel International rose 121.56% to Rs 511.77 crore in the quarter ended December 2024 as against Rs 230.98 crore during the previous quarter ended December 2023. Sales rose 26.92% to Rs 6935.19 crore in the quarter ended December 2024 as against Rs 5464.15 crore during the previous quarter ended December 2023.

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The Board of Coromandel International at its meeting held on 30 January 2025 has approved to establish a wholly owned subsidiary Company in Netherlands, Europe, with an investment value of up to EUR 1,00,000.

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Coromandel International announced the signing of definitive agreements to acquire majority stake in NACL Industries (NACL).

NACL is an India based Crop Protection player having strong branded formulation business in domestic markets, exports Technicals in key global geographies and has presence in contract manufacturing operations with global multinational agrochemical companies.

Coromandel is set to acquire 53% shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7/- price per share from the current promoter KLR Products. Coromandel also proposes to make an open offer to the public to acquire upto 26% of the equity share capital of the company as per the SEBI Takeover Regulations. The proposed transaction is subject to regulatory approvals and is likely to be consummated over next few months.

 The proposed acquisition will position Coromandel as one of the leading players in the Indian Crop Protection industry with a wide range of technicals and pan India presence in domestic formulation business. This will also help in expanding Coromandel's scale, accelerating its entry into contract manufacturing business, fast-tracking new product commercialization and expanding its product portfolio.

NACL Industries operates Technical and Formulation plants in Andhra Pradesh, besides having centralized R&D facility near Hyderabad. NACL's subsidiary has also recently invested in Technical grade facility at Dahej, capable of manufacturing Active Ingredients. It has established formidable partnerships with key global players, offering contract manufacturing services for over two decades. The company has strong brand presence in domestic formulations segment with pan India footprint.

Powered by Capital Market - Live News

The Board of Coromandel International at its meeting held on 30 January 2025 has approved the issuance of corporate guarantee for an amount of up to USD 11 million in favour of one or more banks for availing working capital facilities by Baobab Mining & Chemicals Corporation, Senegal, an associate Company.

Powered by Capital Market - Live News

Net profit of Coromandel International rose 121.56% to Rs 511.77 crore in the quarter ended December 2024 as against Rs 230.98 crore during the previous quarter ended December 2023. Sales rose 26.92% to Rs 6935.19 crore in the quarter ended December 2024 as against Rs 5464.15 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

The Board of Coromandel International at its meeting held on 30 January 2025 has approved the issuance of corporate guarantee for an amount of up to USD 11 million in favour of one or more banks for availing working capital facilities by Baobab Mining & Chemicals Corporation, Senegal, an associate Company.

Powered by Capital Market - Live News

Net profit of Coromandel International rose 121.56% to Rs 511.77 crore in the quarter ended December 2024 as against Rs 230.98 crore during the previous quarter ended December 2023. Sales rose 26.92% to Rs 6935.19 crore in the quarter ended December 2024 as against Rs 5464.15 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

The Board of Coromandel International at its meeting held on 30 January 2025 has approved to establish a wholly owned subsidiary Company in Netherlands, Europe, with an investment value of up to EUR 1,00,000.

Powered by Capital Market - Live News