By: ICN Bureau
Last updated : January 16, 2023 8:00 am
The company is a new entity and yet to commence its business operations
NACL Industries Limited has formed a wholly owned subsidiary by the name NACL Industries (NIGERIA) Limited (NINL) which has been duly incorporated in Nigeria.
NACL Industries (NIGERIA) Limited is a wholly owned subsidiary and will have authorised and paid up share capital of Rs 10 crore. The company is a new entity and yet to commence its business operations.
The Nigerian subsidiary will focus on the same line of business i.e. mainly sales and marketing of agri-input products in Nigeria and other African countries.
The company has subscribed 100% of the shared capital of the NINL (along with one of its wholly owned subsidiary i.e. NACL Spec-Chem Limited, being a nominee shareholder of the company).
NACL Industries Limited is a renowned player in the agrochemical space. Started in 1993 as Chemagro International Limited, NACL has started off with the manufacturing of Agrochemical Active Ingredients. Today, NACL has emerged as a trustworthy brand in the farming community.