Indo Borax to acquire 64.26% stake in Kronox Lab Sciences for Rs 246.12 cr

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

+2.0%Reaction day

₹498.10

prior close

₹494.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.7% vs market

Commodity Chemicals peers, median of 59sector-0.2%+2.2% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.2 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

-1.6

10m

-1.6

15m

-1.8

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.3+1.7-0.2+2.2

Next day

+0.6+0.5+0.1-0.2+0.8

-2.4+0.1-2.5-0.8-1.6

+1.2+0.7+0.6-0.2+1.5

+0.8+0.4+0.4-0.4+1.3

-0.6+0.7-1.3+0.2-0.8

+3.4+0.1+3.3+0.4+3.0

15d

-2.7+1.5-4.2+3.3-6.0

-6.9+0.3-7.2+1.7-8.6

-15.5-6.2-9.3-4.1-11.3

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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 signs Share Purchase Agreement to acquire 64.26% stake (2.38 crore shares) in listed speciality chemicals company Kronox Lab Sciences for Rs 246.12 crore. Open Offer approved for additional 25.79% stake along with Zenrock Chemicals as PAC. Existing promoters retain 9.95%. Deal expected to close in three months. Kronox reported Rs 101 crore revenue and Rs 28 crore PAT in FY26.

Likely market impact

Significant acquisition expanding Indo Borax into speciality chemicals; Open Offer may impact Kronox shareholders. Likely positive for Indo Borax growth.