Indo Borax: Zenrock acquires 50.8% control, open offer for 26% more

Listed Co 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

+0.0%Reaction day

₹243.70

prior close

₹243.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.1% vs market

Commodity Chemicals peers, median of 50sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with 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

-0.7

10m

-0.7

15m

-0.7

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.1-0.1+0.0+0.0

Next day

-0.3+2.2-2.4+1.8-2.1

-0.1+1.8-1.8+1.0-1.1

+1.4+3.6-2.3+1.2+0.2

+0.5+2.3-1.8-0.2+0.7

+1.4+6.1-4.7+2.5-1.1

+0.6+6.4-5.8+2.7-2.1

15d

+0.1+7.0-6.9+0.0+0.1

+0.5+3.8-3.3-2.0+2.4

+0.4-5.2+5.6-11.2+11.6

+3.0+12.5-9.5+4.3-1.3

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

Zenrock Chemicals Private Limited has completed purchase of 50.8% stake (1.63 crore equity shares) from the existing promoter group of Indo Borax, gaining control of the company. An open offer for 83.43 lakh shares (26% of voting capital) from public shareholders is in progress under SEBI Takeover Regulations. The former promoter group members are de-classified effective January 23, 2026.

Likely market impact

Change of promoter and management control. Public shareholders can tender shares in the Zenrock open offer at the announced price.