Coromandel International Limited has issued a corrigendum to its earlier Public Announcement (PA), Detailed Public Statement (DPS), and Draft Letter of Offer (DLoF) in connection with its ongoing open offer to acquire up to 26% of the voting share capital of NACL Industries Limited. The offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The corrigendum, published on March 29, 2025, updates shareholders that the Share Subscription and Shareholders Agreement (SSHA) originally signed on February 8, 2019, and amended in April 2021, has now been terminated. This termination will become effective on the date of closing of the promoter stake sale under the Promoter SPA.

The offer pertains to the acquisition of up to 5.24 crore equity shares, representing 26% of NACL’s voting share capital, from public shareholders. JM Financial Limited is acting as the Manager to the Offer, and KFin Technologies Limited is the Registrar.

Aside from the termination of the SSHA, no other changes have been made to the terms or content of the offer. The corrigendum will be incorporated in the final Letter of Offer, which will be shared with all eligible shareholders.

The open offer documents are accessible via:

Disclaimer: The information provided in this article is based on official disclosures made by the company to stock exchanges. It is intended solely for informational purposes and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Readers are advised to consult with a qualified financial advisor before making any investment decisions. Neither the author nor the publication is responsible for any losses incurred based on the information provided.

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