Open offer at Rs 256.30 to acquire 26 percent of Indo Borax

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

-1.4%Reaction day

₹278.00

prior close

₹280.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.8% vs market

Commodity Chemicals peers, median of 51sector-0.1%-1.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.4 pts less 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

-1.5

10m

-1.9

15m

-2.4

30m

-3.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.6-0.8-0.1-1.4

Next day

-3.6-1.5-2.1-0.5-3.1

-4.6-1.8-2.8-1.1-3.5

-2.5-0.6-1.9-0.6-1.9

-6.1+0.8-6.9-0.8-5.4

-3.2+0.8-4.1-0.1-3.1

-5.2-0.2-5.0-0.5-4.7

15d

-4.4+1.1-5.5-1.6-2.9

-12.6-3.5-9.1-4.3-8.3

-12.5-3.2-9.3-6.9-5.6

-12.5-12.8+0.3-15.3+2.8

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 51Pending

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

AI summary

Zenrock Chemicals along with Edelweiss-backed funds (PACs) will buy 50.80 percent stake (1.63 crore shares) from the Jain family promoter group at Rs 256.30 per share, about Rs 417.77 crore in total. This triggers a mandatory open offer for an additional 26 percent (83.43 lakh shares) at the same price, worth about Rs 213.84 crore. Acquirer will become the new promoter and does not intend to delist the company.

Likely market impact

Promoter change incoming. Public shareholders can tender shares at Rs 256.30. Detailed public statement due by Dec 22, 2025.