CCI Approves Coromandel's Stake Acquisition in NACL

The Competition Commission of India has approved Coromandel International Limited’s proposed acquisition of equity shares in NACL Industries Limited. Coromandel, a public listed agri-solutions provider, operates in crop nutrition, crop protection, active ingredients, and retail.

NACL Industries, also a listed firm, offers a range of crop protection products including insecticides, fungicides, and herbicides. The acquisition aims to enhance Coromandel’s presence in the agrochemical sector. A detailed order is awaited.

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