Announced Tue, 29 Sept, 2026 · 15:44 IST
Indo Borax completes 64.26 percent acquisition of Kronox Lab Sciences
INDOBORAX · price
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Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹488.40
prior close
₹489.00
base price
After-mkt
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-0.8-1.1-1.1-1.4-4.0-5.8+0.4-1.7-2.5—————
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AI summary
Indo Borax and Chemicals has completed the acquisition of 2,38,44,000 equity shares, representing 64.26 percent of the paid-up share capital of Kronox Lab Sciences Limited, from three sellers. The share purchase agreement was signed on August 20, 2026 and the deal closed on September 29, 2026. This gives Indo Borax a controlling stake in the target company.
Likely market impact
Indo Borax gains controlling 64.26 percent stake in Kronox Lab Sciences, expanding its chemicals portfolio and likely triggering a mandatory open offer.