NaCl Industries runs technical and preparation facilities in Andhra Pradesh, as well as to the centralized research and development facility near Hyderabad.
Coromandel International Limited (BSE: 506395, NSE: Coromandel), one in all the leading Indian AGRI-Rozwing suppliers, today announced the signing of ultimate contracts so as to obtain the majority in NaCl Industries Limited (NaCl).
NaCL is an Indian player of crop protection with a powerful brand preparing industry on domestic markets, technical exports in key global geography and is present in production operations of contracts with global international agricultural corporations. Coromandel is to acquire 53% shares in the NACL industries to include 820 CRES RS for 76.7/- price for the motion from the current KLR Products Limited promoter. Coromandel also proposes to submit a public opinion of the purchase of up to 26% of the company’s share capital in accordance with the provisions regarding the takeover of SEBI. The proposed transaction is regulated and can probably be consumed for the next few months.
Coromandel will get the proposed acquisition as one in all the leading players in the Indian cultivation industry with a large technical scope and the presence of Mr. India in the national preparation industry. It can even assist in the extension of the Coromandel scale, accelerating its entry into the production company, quickly following the commercialization of recent products and expanding the portfolio of products.
NaCl Industries runs technical and preparation facilities in Andhra Pradesh, as well as to the centralized research and development facility near Hyderabad. The subsidiary NaCl has also recently invested in a technical facility in Dahej, capable of manufacturing energetic ingredients. He established powerful partnerships with key global players, offering contract production services for over twenty years. The company has a powerful brand’s presence in the national formula segment with the trail of Mr. India.
Reflection on the transaction, Chairman Coromandel, Mr. Arun Alagappan It was stated: “This is a decisive moment for Coromandel International in the field of crop protection. The long -term Coromandel strategy has always focused on increasing sustainable growth and market leadership. The decision to acquire NACL industries is a natural extension of the company’s development vision. By connecting our wide distribution network and deep industry knowledge with NACL regarding NaCl production capacity, the diverse presence of product compounds and a high formulation, resolving at the stage for market development. The takeover not only expands our scale, but also allows us to use critical customer segments and secure CDMO strategic relationships. “
Coromandel Managing Director and General Director, Sankarasubramanate He added “This takeover will strengthen the presence of Coromandel in the cultivation industry on both domestic and export markets. Coromandel uses his knowledge for management, access to credit, acquisition possibilities and a varied presence in international markets to strengthen NaCl’s activities in a short period and create values for shareholders. Thanks to the combined synergy in research and development and production, we can accelerate our market strategy for new products and intermediate products, thus increasing our offer of products on domestic and global markets. “
JM Financial Limited acted as the exclusive financial advisor of Coromandel for this transaction, and can also be an open offer manager. Asb & Partners acted as a legal advisor to the company, e& y acted as an advisor for financial care and tax diligence and SSPA & Co. Chartered Accountants acted as independent appraisers.
O Coromandel
Coromandel International Limited is one in all the pioneers of India and the leading supplier Agri Solutions, offering various services in the agricultural chain. It operates in two fundamental segments: nutrients and other allied enterprises and crop protection. These include fertilizer, crop protection, biological products, specialized nutrients and organic corporations. The company is the second largest producer and marketing of phosphatic fertilizers in India. The company’s crop protection products are sold in India, in addition to in international geography, offering a big selection of technical and formula products. The company’s specialized nutrients are focused on water -soluble fertilizers, secondary and microelements in addition to Nano fertilizers. The company is a number one marketing of ecological fertilizers in India. BIO Products The company focuses on the plant’s extractions for various applications. It also supports a network of about 750 rural stores in Andhra Pradesh, Telangan, Karnatak and Tamil Nadu. Through these stores, the company offers agricultural outlays and agricultural services, including crop consulting, soil testing and agricultural mechanization of about 3 million farmers. The company has 7 research and development centers and a powerful regulatory configuration, supporting corporations in the field of process development and the introduction of recent products. The company has 18 production plants, widespread in India, producing a big selection of products to protect nutrients and protecting crops, that are sold via a spacious network of dealers and own retail centers.
The company has reached RS trading. 22,290 Crowns during a budget 12 months 23-24. His efforts to the environment were well recognized by international organizations, resembling UNDP, and were also recognized as one in all the ten most green corporations in India by Teri. Coromandel is a component of 778 billion INR (77 881 CRES).
For more information, visit www.coromandel.biz
About the Murugappa group
The 124-year-old conglomerate with the presence in India and the world The Murugappa group has various corporations in agriculture, engineering, financial services and others.
The group has 9 listed corporations: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, Eid Parit (India) Limited, Shanthi Gears Limited, Tube Investments of India Limited and Wendt India Limited. Other large corporations are Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands resembling Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, Cumi, Gromor, Parryfos, Parry are a part of the excellent stable of the group.
Abrasive path, technical ceramics, electromainals, electric vehicles, automobile components, fans, transformers, signaling equipment for railways, bicycles, fertilizers, sugar, tea and a number of other other products create the interests of the group.
The group, guided by five lights – honesty, passion, quality, respect and responsibility – and the culture of professionalism, the group has a working force of over 83,500 employees.
For more information, visit www.murugappa.com
