Announced Thu, 20 Aug · 15:31 IST
Indo Borax to acquire 64.26% stake in Kronox Lab Sciences for Rs 246.12 cr
INDOBORAX · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹498.10
prior close
₹494.05
base price
After-mkt
timing
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-1.6-1.6-1.8+0.1——————————
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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.