Description
Revised details for takeover offer of NACL Industries Limited by Coromandel International Limited with updated issue period and security parameters.
Summary
NSE has issued revised details for the takeover offer of NACL Industries Limited by Coromandel International Limited under the Tender Offer scheme. This circular modifies the earlier notification dated August 14, 2025, with updated security parameters and issue period.
Key Points
- Acquirer: Coromandel International Limited
- Target: NACL Industries Limited (Symbol: NACLIND)
- Issue size: Up to 5,24,62,320 equity shares
- Offer price: Rs. 76.70 per share
- Face value: Re. 1/-
- Lot size: 1 equity share
- ISIN: INE295D01020
- Merchant Banker: JM Financial Limited
- Registrar: Kfin Technologies Limited
Regulatory Changes
This circular provides revised security parameters following the Tender Offer Scheme Exchange circular NSE/CMTR/52776 dated June 29, 2022. Order modification (quantity) and cancellation are not permitted for takeover offers.
Compliance Requirements
- All trading members must note the revised issue period
- Bidding categories include FII, MF, IC, FI, OTH, CO, IND, and NOH with specific status codes
- Tender offer window will not be available on September 8, 2025 due to Id-E-Milad holiday
Important Dates
- Revised Issue Period: August 22, 2025 to September 9, 2025 (Excluding September 8, 2025)
- Holiday: September 8, 2025 (Id-E-Milad) - tender offer window unavailable
Impact Assessment
The takeover offer affects NACL Industries Limited shareholders who can tender their shares at the fixed price of Rs. 76.70. The revised timeline provides clarity for market participants and ensures proper execution of the tender offer process.
Impact Justification
Takeover offer affecting specific stock with revised timeline important for shareholders