The Competition Commission of India has approved the acquisition of certain equity shares in NACL Industries Limited by Coromandel International Limited.

The Proposed Combination comprises acquisition of certain equity shares in NACL Industries Limited (NACL) by Coromandel International Limited (CIL).

CIL is a public listed company which is an agri-solutions provider, offering diverse products and services across the farming value chain. The key business verticals of CIL include: (i) crop nutrition (fertilizers and specialty nutrients); (ii) crop protection (insecticides, fungicides, herbicides, plant growth regulators, bioproducts); (iii) active ingredients; and (iv) retail outlets.

NACL is a public listed company which operates in the agro-chemical sector. It offers crop protection products and active ingredients. As part of its crop protection business, NACL supplies insecticides, fungicides, herbicides and plant growth regulators / nematicides.

Detailed order of the Commission will follow.

Competition approval for acquisition of equity shares in NACL Industries by Coromandel International, affecting agro chemical and crop protection markets. Competition Commission of India approved Coromandel International Limited's acquisition of certain equity shares in NACL Industries Limited. CIL is an agri solutions provider with businesses in crop nutrition, crop protection, active ingredients and retail; NACL operates in the agro chemical sector supplying crop protection products and active ingredients. A detailed order with the Commission's competitive assessment will follow.