Indo Borax pledges 14% Kronox stake for INR 225cr acquisition loan

Ownership Changes View source PDF Explain this filing

INDOBORAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-8.1%Reaction day

₹458.05

prior close

₹462.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-5.5% vs market

Commodity Chemicals peers, median of 58sector-3.6%-4.4% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 4.4 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.7

10m

-3.1

15m

-3.2

30m

-5.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.1-2.6-5.5-3.6-4.4

Next day

-7.2-3.6-3.6-4.2-3.1

-9.2-5.8-3.3-6.6-2.6

-11.9-5.5-6.4-6.1-5.8

-10.9pendingpending-5.4-5.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 58Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indo Borax has pledged 51,94,560 equity shares (around 14%) of its subsidiary Kronox Lab Sciences to a lender as security for a term loan of about 225 crore rupees. The loan is being used to finance the acquisition of additional Kronox shares. Indo Borax continues to hold 64.26% in Kronox, with no change in shareholding or control. Kronox remains a subsidiary of Indo Borax.

Likely market impact

Minor pledge of 14% Kronox shares as collateral for acquisition funding. No change in control; subsidiary status remains intact.