India antitrust approval for Coromandel's stake buy in NACL Industries lifts shares

Coromandel International

03/07/2025 06:50

** Shares of agri-chemicals makers Coromandel International CORF.NS and NACL Industries NACL.NS up 3% and 5%, respectively

** Competition Commission of India approves CORF's acquisition of a 53% stake in NACL

** NACL has risen more than 3x since announcement of deal on March 12; CORF up 31%

** NACL up 3.8x YTD, CORF up 23%

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))