Indo Borax promoters set completion date for 50.8 percent stake sale

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

INDOBORAX · price

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

-0.5%Reaction day

₹245.00

prior close

₹242.55

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.1%+1.6% vs market

Commodity Chemicals peers, median of 50sector-0.8%+0.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 0.3 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.5-2.1+1.6-0.8+0.3

Next day

-0.5-2.0+1.5-1.3+0.8

-0.8-0.0-0.8+0.6-1.4

-0.6-0.4-0.2-0.1-0.5

+0.8+1.4-0.6+0.8-0.0

+0.0+0.1-0.1-1.4+1.4

+0.4+5.2-4.8+2.3-1.9

15d

-0.7+3.7-4.4+0.3-1.0

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-0.4-9.4+9.0-13.1+12.7

+3.4+9.0-5.6+3.6-0.2

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 50Pending

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

AI summary

Promoters of Indo Borax have set January 23, 2026 as the completion date for selling 1.63 crore shares (50.80 percent stake) to Zenrock Chemicals and three funds under India Special Assets Fund III. The original share purchase agreement was signed on December 15, 2025. After completion, current promoters will lose control and be de-classified from the promoter group under SEBI rules. The company is not a party to this letter agreement.

Likely market impact

Change of control at Indo Borax as 50.8 percent stake transfers to new buyers on Jan 23, 2026; current promoters exit.