KLR Products Limited has sold 10.69 crore equity shares, representing 53.07% of the voting rights in NACL Industries Limited, via an off-market sale. This transaction results in Coromandel International Limited completing the acquisition of controlling stakes in NACL Industries Limited.
The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Acquisition/Sale
| Particulars | Before Acquisition | Acquired/Sold | After Acquisition |
|---|---|---|---|
| Shares carrying voting rights | 11,36,23,500 (56.41%) | 10,68,96,146 (53.12%) | 67,27,354 (3.35%) |
The equity share capital of NACL Industries Limited before the acquisition was ₹20,14,24,812.00. After the acquisition, the equity share capital remains the same at ₹20,14,24,812.00. The total diluted share/voting capital after the said acquisition is ₹20,22,96,475.00.
The off-market transfer was executed on August 08, 2025.
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