Coromandel gains 5% after CCI nod for ₹820 Cr NACL deal
Coromandel International shares jumped 5% after CCI approved its ₹820 crore acquisition of a 53.13% stake in NACL Industries. The move boosts Coromandels foothold in the agrochemical space. The company also plans to make an open offer to purchase up to an additional 26% stake from public shareholders, following SEBI’s takeover guidelines.