The stock of Coromandel International too trading 2% higher at Rs 322 after hitting high of Rs 330 on BSE in intra-day trade. Around 202,500 shares changed hands on both the exchanges.
The BSE said, the exchange has sought clarification from the Company on March 16, 2017, with reference to news
appeared in Economic Times dated March 16, 2017. "Coromandel in Talks to Buy Nagarjuna Fert".
The reply is awaited.
The flagship company of the Nagarjuna Group, Nagarjuna Fertilizers
and Chemicals is a leading manufacturer and supplier of plant nutrients in India.
The Murugappa Group, Coromandel International is the country’s second largest phosphatic fertilizer player, is in the business segments of fertilizers, specialty nutrients, crop protection and retail. The company manufactures a wide range of fertilizers and markets
around 3.2 million tons making it a leader in its addressable markets.