Coromandel International Ltd has acquired a majority 53 per cent stake in agro chemical firm NACL Industries Ltd for Rs 820 crore and will launch an open offer to buy an additional up to 26 per cent of equity. In a regulatory filing on Wednesday, Coromandel International said the board has "approved the acquisition of 10,68,96,146 equity shares of the NACL Industries, representing 53.13 per cent of the paid up equity share capital..." A share purchase agreement has been signed amongst Coromandel International, NACL Industries Ltd, the seller (i.e, KLR Products Ltd); K Lakshmi Raju (being a promoter) and Bright Town Investment Advisor Pvt Ltd (being a member of the promoter/promoter group of the target). Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries. "Coromandel is set to acquire 53 per cent shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7 per share fr