Coromandel Shares Rise After CCI Approves ₹820 Cr Deal for Majority Stake in NACL Industries
By Shishta Dutta | Updated at: Oct 15, 2025 03:29 PM IST
Mumbai, 3 July 2025: Shares of Coromandel International Ltd (NSE: COROMANDEL) rose 2.07% to ₹2,320.10 in early trade after the company secured clearance from the Competition Commission of India (CCI) for its proposed acquisition of a 53.13% stake in NACL Industries Ltd. The acquisition, valued at ₹820 crore, involves stake purchases from both promoters and public shareholders and marks a significant expansion in Coromandel’s agrochemical portfolio.
Strategic Acquisition to Strengthen Crop Protection Business
The acquisition aligns with Coromandel’s long-term strategy to deepen its presence in the crop protection and agrochemical segments, where it already holds a strong market position. With this move, the company aims to scale up its contract manufacturing capabilities and reinforce its presence in both domestic and global agri-input markets.
Stock Sees Early Gains as Investors Respond to Growth-Focused Deal
Investor sentiment turned positive following the CCI’s approval, driving Coromandel’s share price up by over 2% in early trade. The rise reflects market optimism around the company’s expanded footprint in the agri-inputs value chain.
Stock Performance Snapshot (As of 3 July 2025, 09:56 IST)
| Price Metrics | Value (₹) |
|---|---|
| Last Traded Price | 2,320.10 |
| Previous Close | 2,273.00 |
| Day’s High | 2,375.90 |
| Day’s Low | 2,295.00 |
| VWAP | 2,347.15 |
| 52-Week High (27-Jun-25) | 2,548.00 |
| 52-Week Low (22-Jul-24) | 1,499.70 |
Strong Trade Volumes Reflect Market Confidence
The deal triggered strong activity in Coromandel’s stock, supported by firm volumes and solid delivery ratios.
Trade and Market Data
| Metric | Value |
|---|---|
| Traded Volume (Lakhs) | 5.53 |
| Traded Value (₹ Cr.) | 129.75 |
| Total Market Cap (₹ Cr.) | 68,405.35 |
| Free Float Market Cap (₹ Cr.) | 27,352.91 |
| % of Deliverable / Traded Quantity | 49.14% |
| Adjusted P/E | 36.63 |
| Industry | Fertilizers |
NACL Industries Deal Adds Scale and Synergies
NACL Industries is involved in the manufacturing and marketing of agrochemical active ingredients and formulations. The company has seen steady growth in both domestic and international markets, making it a complementary fit for Coromandel’s existing product and market base. The acquisition is expected to improve operating scale, product portfolio, and long-term margins in the agrochemical segment.
Coromandel Builds on Agri-Leadership with New Acquisition
Coromandel International Ltd, a part of the Murugappa Group, is one of India’s foremost agri-solutions companies. It has been listed on NSE and BSE since 31 May 1995 and is a component of the NIFTY 500 index. The company operates across segments such as fertilisers, crop protection, and specialty nutrients, and is widely recognised for its integrated approach to agricultural development.
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