Indo Borax to acquire 64.26% in Kronox Lab Sciences

Listed-company acquisitionOpen offer triggeredStrategic Transactions 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

+14.8%Reaction day

₹433.75

prior close

₹472.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+14.3% vs market

Commodity Chemicals peers, median of 59sector-0.5%+15.3% vs sector

On the reaction day the stock moved 14.3 pts more than Nifty Microcap 250 and 15.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

-0.4

15m

-1.5

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+14.8+0.5+14.3-0.5+15.3

Next day

+17.1+0.8+16.3-0.6+17.7

+15.5+1.0+14.5-1.0+16.5

+12.0+0.6+11.5-1.1+13.1

+16.3+1.2+15.1-1.0+17.3

+15.8+0.9+14.8-1.0+16.8

+17.3+1.6+15.7+0.0+17.2

15d

+12.2+1.9+10.3+3.3+8.9

+6.9+0.8+6.1+0.2+6.7

-2.9-5.7+2.8-2.5-0.4

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 59Pending

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

AI summary

Indo Borax & Chemicals will acquire 2.38 crore shares (64.26%) of Kronox Lab Sciences from its promoters at Rs 103.22 per share, for about Rs 246.12 crores cash. Kronox makes specialty fine chemicals with FY26 turnover of about Rs 101 crores. The deal triggers a mandatory open offer to public shareholders for up to 95.70 lakh shares (25.79%) at Rs 157.27 per share. Acquisition is part of Indo Borax diversification strategy. Expected to complete within 3 months.

Likely market impact

Significant cash acquisition expanding Indo Borax into specialty chemicals. Open offer at Rs 157.27 may attract Kronox public shareholders and supports exit liquidity.